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...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn, state media reported on Thursday....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn in the country’s largest financial fraud, state media reported....
...Truong My Lan faces a death sentence or imprisonment if found guilty in the fraud case, which has rocked the property and corporate bond markets of one of the world’s fastest-growing economies....
...Allegations of a massive fraud by real estate tycoon Truong My Lan, who is standing trial on charges of embezzling $12bn, have added to concerns....
...This month, the trial began of Vietnamese property tycoon Truong My Lan, who is accused of embezzling $12bn from a bank. Lan denies the charges....
...Truong My Lan is accused of embezzling billions of dollars. It’s Vietnam’s biggest fraud case ever. A....
...But unbeknown to Thuy, her money was invested in bonds that Vietnamese authorities said were illegally channelling money to property tycoon Truong My Lan in what they said was the biggest fraud the country...
...Truong, who is based in Detroit, sews quilted throws made from her own marbled fabric, or turns marbled paper into lampshades by sewing panels together....
...The crisis has ramifications for the country’s economic recovery from the pandemic....
...The situation has taken a heavy toll on mental health and corporate balance sheets....
...China has announced donations of 5.7m doses of its Sinopharm vaccine....
...“Vietnam is the only market where you can do deals,” Truong Quang, YKVN managing partner, said in an interview at his law office, overlooking the colonial French cathedral and post office in Ho Chi Minh...
...“Neighbours know if you come from a foreign country,” said Truong Huu Khanh, head of the department of infectious diseases at Ho Chi Minh City Children’s hospital....
...Order has now begun to be restored — the man injured in the crash appealed for calm from his hospital bed — but the authorities are still on high alert....
...Vietnam’s push to develop solar power has been too successful....
...On Thursday evening, a court in the capital Hanoi sentenced Nguyen Van Dai, Le Thu Ha, Pham Van Troi, Nguyen Trung Ton, Nguyen Bac Truyen, and Truong Minh Duc under charges of “activities aimed at overthrowing...
...“Since last year, however, the frequency of takedown has increased and Facebook’s assistance has been unhelpful in restoring accounts and content.”...
...And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued....
...Vietnam has one major car, truck and bus manufacturer, Truong Hai Automobile Co (Thaco), but it produces for foreign brands....
...“Virtually the entire range of regulations previously adopted by the CFPB could be subject to review,” says Quyen Truong, a former senior figure at the agency who is now a partner at law firm Stroock & Stroock...
...Truong Gia Binh is chairman of FPT, the country’s largest technology company....
...Thaco has managed to increase its share of total car sales this year (see chart)....
...The third key figure is President Truong Tan Sang. However it plays out, there is little sign of a large injection of the youth that might better mirror the country’s populace....
...He lost his power struggle with his arch rival, President Truong Tan San, who supported incumbent party secretary Nguyen Phu Trong....
...It says China has reclaimed 17 times more land in 20 months than the others combined over 40 years. Clearly, China has been assertive....
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