Vietnam's real estate price growth over the past five years has reached 59%, significantly higher than other countries such as the US (54%), Australia (49%), Japan (41%), and Singapore (37%), according to data from the Global Property Guide.

Vietnamese real estate tycoon Truong My Lan was convicted of orchestrating a massive bank fraud, siphoning billions of dollars through shell companies and bribery. Sentenced to death, she's attempting to repay a portion of the stolen funds to reduce her sentence to life imprisonment.

A Vietnamese court rejected the appeal of real estate tycoon Truong My Lan on Tuesday but kept the door open for her death sentence to be commuted if she pays back three quarters of the fraud amount,