Vietnam ends demise penalty for 8 crimes, might spare actual property tycoon imprisoned in nation’s largest monetary fraud case

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Vietnam has lifted the demise penalty for eight crimes in authorized reforms that will spare the lifetime of an actual property tycoon imprisoned within the nation’s largest monetary fraud case.

The authorized reforms in Vietnam ended the demise penalty for eight crimes, together with making an attempt to overthrow the federal government, damaging state infrastructure, making and promoting pretend medication, beginning wars, spying, drug trafficking, embezzlement, and taking bribes.

Vietnamese lawmakers handed the reforms on Wednesday, in accordance with state media.

Vietnamese actual property tycoon Truong My Lan attends a trial in Ho Chi Minh Metropolis on April 11, 2024. AP

Truong My Lan, sentenced to demise for her involvement in Vietnam’s largest monetary fraud case, will probably be eligible to have her sentence decreased after the reforms, her lawyer stated Thursday.

The 67-year-old chair of the true property firm Van Thinh Phat who was dealing with execution for her involvement in fraud amounting to $12.5 billion — practically 3% of the nation’s 2022 GDP — will now be “eligible for the exemption for the demise penalty” in accordance with the brand new guidelines, her lawyer Phan Minh Hoang informed The Related Press.

“We’re nonetheless ready for the official directions of implementing the legislation modification for subsequent steps in her case,” Hoang stated.

The brand new guidelines additionally say that anybody already sentenced to demise for these crimes however not but executed by July 1 can have their sentence modified to life in jail after a closing choice by Vietnam’s highest court docket.

After the authorized adjustments, the utmost punishment for Lan’s crimes will probably be life imprisonment with out parole. Hoang stated that they had been persevering with to work on repaying the damages to get her sentence additional decreased.

Vietnam’s Prime Minister Pham Minh Chinh talks to attendees after attending a session throughout the World Financial Discussion board Annual Assembly of the New Champions in Tianjin on June 25, 2025. AFP by way of Getty Pictures
Truong My Lan seems on in court docket throughout a listening to on March 25, 2025. AFP by way of Getty Pictures

The legislation change will doubtless affect different ongoing trials such because the one which began earlier this week involving the true property and infrastructure growth firm Phuc Son Group, whose chairman Nguyen Van Hau is accused of paying over $5 million in bribes to win contracts for main infrastructure initiatives throughout three provinces.

Following the change, Vietnam now has the demise penalty for 10 crimes like homicide, sexual abuse of youngsters, treason and terrorism.

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