The Latest Breaking News from Truong My Lan

Vietnam nominates public security minister to be new president

To Lam has been public security chief since 2016 and has taken a hard line on human rights movements in the country.

Al Jazeera · May 18, 2024

Vietnam's Multi-billion Dollar Fraud Case: Key Things To Know

A high-profile Vietnamese real estate tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

International Business Times · Apr 12, 2024

Vietnam sentences real estate tycoon to death in its largest-ever fraud case

Truong My Lan, the 67-year-old chairwoman of the real estate company Van Thinh Phat, was formally charged with fraud amounting to $12.5 billion — nearly 3% of the country's 2022 GDP.

WEKU · Apr 12, 2024

Vietnam Property Tycoon Faces Verdict In Multi-billion Dollar Fraud Case

A top Vietnamese property tycoon faces a potential death sentence Thursday as she and her co-accused await verdicts in one of the biggest corruption cases in history, with an estimated $27 billion in damages.

International Business Times · Apr 11, 2024

Vietnam's Political Turmoil Raises Questions About Stability

Vietnam's president resigns amid anti-corruption campaign, impacting economy and raising political uncertainties. Leadership changes and Communist Party co...

Top News · Mar 22, 2024

Vietnam Property Tycoon On Trial In $12.5 Billion Fraud Case

A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country's biggest ever fraud case.

International Business Times · Mar 5, 2024

The $12.5 Billion Fraud That Has Shocked Vietnam

Retired nurse Nga put her life savings into a bond at Vietnam's SCB bank, but now cannot access her money after being caught up with tens of thousands in a multibillion-dollar scam that has shocked the nation.

International Business Times · Jan 31, 2024

Vietnam Property Developer Faces Trial Over $12.5 Bn Bond Fraud

The chairwoman of major property developer Van Thinh Phat will go on trial in Vietnam, accused with accomplices of embezzling $12.5 billion from a bank "for personal purposes", the official government website said.

International Business Times · Dec 18, 2023

Yangzijiang Shipbuilding Buys Singapore Office Tower for $300 Million

China’s largest private shipbuilder sees all-cash investment as an inflation hedge as Vietnam’s Van Thinh Phat Holdings sells at a loss amid allegations of bond fraud

Caixin Global · Apr 3, 2023

Cracks in Vietnam rattle investors

Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence.

Bangkok Post · Nov 3, 2022