The Latest Breaking News from Vietnam

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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.

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.

An apartment block fire that killed 56 people last year has highlighted the dangers of Vietnam’s tiny urban dwellings.

May arabica coffee (KCK24 ) on Thursday closed up +5.70 (+2.66), and May ICE robusta coffee (RMK24 ) closed up +66 (+1.75%). Coffee prices on Thursday moved sharply higher, with Arabica posting a 6-month high and Robusa posting an all-time high. Coffee crop concerns in Brazil and Vietnam are underpinning...

May arabica coffee (KCK24 ) this morning is up +6.30 (+2.94), and May ICE robusta coffee (RMK24 ) is up +86 (+2.28%). Coffee prices this morning are sharply higher, with arabica posting a 6-month high and robusta posting an all-time high. Coffee crop concerns in Brazil and Vietnam are underpinning...

The fraud committed amounted to nearly three per cent of Vietnam’s GDP

A panel of three hand-picked jurors and two judges rejected all defense arguments by Truong My Lan, chair of major developer Van Thinh Phat, who was found guilty of swindling cash from Saigon Commercial Bank (SCB) over a decade.

Vietnam's largest financial fraud case sees real estate tycoon sentenced to death, impacting economy and real estate sector.

Vietnamese tycoon Truong My Lan sentenced to death for embezzling billions, highlighting accountability and consequences for financial crimes.

The largest case of fraud in Vietnam’s history has been uncovered as part of a major state anticorruption drive.