Overview

• Truong My Lan, convicted of laundering $17.7 billion, awaits the Ho Chi Minh City court's decision on her appeal against a life sentence, scheduled for April 21, 2025.
• Prosecutors acknowledged her repayment of one-quarter of the stolen funds and proposed a reduced sentence during the appeal hearing.
• Lan's legal team outlined a multi-year plan involving foreign partners to repay the remaining debts to bondholders and Saigon Commercial Bank.
• The court previously ruled that Lan could avoid execution for a separate fraud conviction if she returns three-quarters of the embezzled assets.
• Her case, central to Vietnam's anti-corruption campaign, has highlighted systemic vulnerabilities and disrupted public trust in the nation's financial sector.