The Department of Justice of Lam Dong Province has recently released a specialized report on the recovery of lost and embezzled assets in corruption, waste, and negative cases under the supervision of the Central and Provincial Steering Committees.
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According to the report dated October 9, 2025, from the Civil Judgment Execution Department (CJED) of Lam Dong Province, the Department of Justice stated that there are 89 cases to be executed, totaling over 243 billion VND.
Among the remaining cases, 2 are under the supervision of the Provincial Steering Committee, and 4 are monitored by the Central Steering Committee on Anti-Corruption and Negativity.
Specifically, in the case of Huynh Thi Huyen Nhu, the Provincial CJED received a mandate from the CJED of Ho Chi Minh City to handle the assets of Huynh Thi Huyen Nhu, as per the asset seizure order from the Investigation Police Agency of the Ministry of Public Security. This includes 4 land use right certificates for properties located at 29 Ba Thang Tu Street, Da Lat, Lam Dong Province.
On October 6, 2022, the Provincial CJED signed a contract with Dong A Valuation Joint Stock Company to appraise the entire 3,715.87 square meters of land owned by Huynh Thi Huyen Nhu. The appraised value exceeded 249 billion VND, and the assets were put up for auction.
After 10 unsuccessful auction attempts due to lack of registered bidders, on May 30, 2024, the Provincial CJED received a notification from the Lam Dong Province Asset Auction Service Center. A qualified bidder had registered and deposited the required advance payment into the center’s account.
In accordance with Article 49 of the 2016 Asset Auction Law, which governs auctions with a single registered bidder, the Provincial CJED conducted the auction in compliance with legal regulations.
On May 31, 2024, the auction was successfully held, with a winning bid of over 160 billion VND.
On July 10, 2024, the Provincial CJED collaborated with the Provincial People’s Procuracy, relevant agencies, and local authorities to hand over the assets to the winning bidder, following legal procedures.
After deducting fees for auction, valuation, verification, measurement, and taxes, on August 20, 2024, the Provincial CJED remitted the remaining amount of over 157 billion VND to the CJED of Ho Chi Minh City for further resolution, concluding the execution process.
In May 2018, Huynh Thi Huyen Nhu (former deputy head of risk management at Vietinbank’s Ho Chi Minh City branch) was sentenced to life imprisonment by the High People’s Court of Ho Chi Minh City for fraud and asset embezzlement. This case was considered the largest in Vietnam’s banking history at the time of prosecution.
To date, the execution agency has been unable to fully execute the judgment in Huynh Thi Huyen Nhu’s case, as the seized assets are significantly disproportionate to the nearly 1.1 trillion VND in compensation she is required to pay.
PHUONG NAM – VO TUNG
– 10:55 13/10/2025
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