What is the maximum sentence for securities market manipulation in Vietnam?

What is the maximum sentence for securities market manipulation in Vietnam?

Pursuant to Clause 2, Article 211 of the Criminal Code in 2015 stipulating securities market manipulation as follows:

- A person who deliberately commits any of the following acts and earns a profit of from VND 500,000,000 to under VND 1,500,000,000 or causes a loss to investors of from VND 1,000,000,000 to under VND 3,000,000,000 shall be liable to a fine of from VND 500,000,000 to VND 2,000,000,000 or face a penalty of 06 - 36 months' imprisonment:

- ...

This offence committed in any of the following circumstances carries a fine of from VND 2,000,000,000 to VND 4,000,000,000 or a penalty of 02 - 07 years' imprisonment:

- The offence is committed by an organized group;

- The illegal profit reaped is ≥ VND 1,500,000,000;

- The loss incurred by investors is ≥ VND 3,000,000,000;

- Dangerous recidivism.

As regulations above, the maximum sentence for securities market manipulation in Vietnam shall be up to 07 years' imprisonment.

In Vietnam, what is the sentence for manipulating securities market and earning an illegal profit of 1 billion VND?

Pursuant to Clause 1 of the same Code stipulating as follows:

A person who deliberately commits any of the following acts and earns a profit of from VND 500,000,000 to under VND 1,500,000,000 or causes a loss to investors of from VND 1,000,000,000 to under VND 3,000,000,000 shall be liable to a fine of from VND 500,000,000 to VND 2,000,000,000 or face a penalty of 06 - 36 months' imprisonment:

- Using one or multiple accounts of the offender or another person or colluding with another person, to continuously buying and selling securities in order to create false demand and supply;

- Colluding with another person to place orders for purchase and sale of the same type of securities within the day or selling and buying securities without actual transfer of ownership or ownership is only transferred within the group in order to create false demand and supply;

- ...

As regulations above, anyone manipulating securities market and earning an illegal profit of 1 billion VND shall be fined from VND 500,000,000 to VND 2,000,000,000 or faced a penalty of 06 - 36 months' imprisonment.

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