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Will Vietnam introduce new anti-fraud measures by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official Vietnamese government announcements or legislative records
Story
Vietnamese tycoon must repay $9bn or face execution after losing fraud appeal
Dec 3, 2024, 12:07 PM
Vietnamese property tycoon Truong My Lan, 68, has lost her appeal against the death sentence for masterminding the country's largest-ever fraud scandal, involving embezzlement and bribery charges. Convicted of embezzling $12 billion—about 3% of Vietnam's GDP—she also orchestrated a $1.2 billion bond fraud that affected thousands of investors. The Supreme People's Court of Ho Chi Minh City upheld the death sentence but stated that her life could be spared if she repays 75% of the embezzled assets, amounting to $9 billion.
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Similar markets
Yes • 50%
No • 50%
Another real estate tycoon • 25%
A government official • 25%
A financial sector executive • 25%
Other individual • 25%
Yes, focusing on zoo animal health • 25%
Yes, focusing on poultry industry • 25%
Yes, focusing on both areas • 25%
No new regulations • 25%
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Death penalty abolished for economic crimes • 25%
Death penalty retained but with amendments • 25%
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Other reforms • 25%
Tariffs on U.S. goods • 25%
Trade agreements with other countries • 25%
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Other • 25%
Yes • 50%
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