Trịnh Văn Quyết and the FLC Case: Financial Penalties and Enforcement Updates
The Department of Civil Judgment Enforcement (CJE) under the Ministry of Justice has released a report addressing inquiries at the 10th Session of the 15th National Assembly regarding civil judgment enforcement.
Specifically, in the high-profile FLC case involving Trịnh Văn Quyết, the report states that Trịnh Văn Quyết and Trịnh Minh Huế are jointly liable to compensate a total of VND 1,785 billion. Additionally, Trịnh Văn Quyết, Trịnh Thị Minh Huế, and Trịnh Thị Thúy Nga are required to jointly remit to the state treasury over VND 684 billion in illicit profits from stock market manipulation.
Other defendants have paid VND 570 million in restitution. Trịnh Văn Quyết, Trịnh Thị Minh Huế, and Trịnh Thị Thúy Nga remain jointly liable to remit the remaining amount of over VND 683 billion to the state treasury. BOS Securities Corporation must also remit over VND 42 billion in unlawful gains from market manipulation. The judgment further mandates payment of court fees and disposition of exhibits.
Following the appellate judgment on July 4, 2025, the Hanoi CJE has taken enforcement actions: issuing 41 proactive enforcement decisions totaling over VND 745 billion. Of these, 27 decisions (over VND 723 billion) have been resolved, with 14 decisions (over VND 22 billion) under processing.
Collected amounts include: VND 200,000 in criminal court fees, VND 4 billion in fines, over VND 1.466 billion in joint civil court fees, and nearly VND 9.6 billion remitted to the state treasury. Trịnh Văn Quyết and his sisters, Trịnh Thị Minh Huế and Trịnh Thị Thúy Nga (former Deputy CEO of BOS Securities), have fully remitted the VND 684 billion in illicit profits.
Upon request, the Hanoi CJE issued confirmation certificates for the amounts remitted by Mr. Quyết and his sisters (proactive collections for the state budget).
For enforcement requests, as of August 13, 2025, 11,563 claimants submitted requests via mail. Of these: 5,528 requests processed with decisions issued; 3,871 requests with errors; and 2,164 under review.
119 enforcement decisions (covering 5,528 eligible claimants) have been issued, totaling VND 1,028 billion. VND 966 billion has been distributed, with ongoing processing for remaining requests.
Trịnh Văn Quyết Receives Certificate of Completion for Civil Judgment Execution
The Civil Judgment Enforcement Department of Hanoi has issued certificates confirming the enforcement results for Mr. Trinh Van Quyet (former Chairman of FLC Group) and his two sisters, Trinh Thi Minh Hue and Trinh Thi Thuy Nga. These certificates are considered a crucial prerequisite for potential sentence reductions in the future.
Recovering Monetary Assets in Corruption and Economic Crime Cases: Surpassing 22.342 Trillion VND
“Asset recovery in corruption and economic crimes remains a highlight, as the entire judicial administration sector has successfully executed 3,585 cases, recovering over VND 22,342 billion.”
The Van Thinh Phat Case: Over $350 Million Illegally Transferred.
“In a landmark development, the Ho Chi Minh City Civil Judgment Enforcement Agency has distributed an impressive sum of over VND 8.3 trillion to more than 42,000 creditors in the Vạn Thịnh Phát case (phase 2). This marks the conclusion of the third round of payments, bringing much-needed closure and financial relief to those involved.”
Indictment Sought for Two Former Chairmen of a Listed Company for Alleged Capital Inflation
The company listed and offered for sale 25,350,000 shares with the ticker symbol TOP on the stock exchange. These shares were devoid of intrinsic value and were issued with the sole intent of defrauding investors. The total amount swindled from unsuspecting investors amounted to a staggering sum of over 64 billion VND.
The Stock Market Crackdown: Taking a Tough Stance on Manipulation and Stock Price Fixing
“We employ cutting-edge technology to detect anomalous transactions, restoring investors’ trust and confidence. With our advanced systems, we can identify suspicious activity and ensure the integrity of the market. Our tools provide a safeguard against fraud, giving investors peace of mind and a secure environment in which to operate.”
