Businesses forced to return $399 mln to freshly convicted Vietnamese tycoon Truong My Lan
Quoc Cuong Gia Lai Corporation and other businesses have been ordered to return VND10 trillion ($399.4 million) and over 1,000 taels of gold to the disgraced tycoon Truong My Lan and get back projects they had sold to her and Van Thinh Phat Group's member companies.
Economy - Sat, April 13, 2024 | 10:55 am
Vietnamese tycoon Truong My Lan sentenced to death with $27 bln compensation pending
Ho Chi Minh City People's Court on Thursday sentenced Truong My Lan, chairwoman of Van Thinh Phat Group, to death in one of the most notorious criminal cases in Vietnam.
Society - Thu, April 11, 2024 | 4:13 pm
HCMC court installs cameras to protect 6 tons of Van Thinh Phat Group scam documents
The Ho Chi Minh City People's Court has installed security cameras and a firefighting system to protect six tons of documents to be used as evidence in the upcoming trial of Truong My Lan, chairwoman of real estate developer Van Thinh Phat, and her accomplices.
Society - Wed, January 10, 2024 | 7:49 pm
Vietnam corporate bond market recovers, $12.7 bln raised in 2023
Companies in Vietnam raised a combined VND311.24 trillion ($12.77 billion) from selling bonds last year, up 22% year-on-year, Vietnam Bond Market Association data shows.
Finance - Mon, January 8, 2024 | 3:44 pm
Landmark anti-corruption cases help better Vietnam stock, bond markets: police officer
Investigations into and the handling of a series of corruption cases in the private sector have helped improve the performance of the stock and bond markets, said a senior police official.
Finance - Sat, January 6, 2024 | 10:51 am
Property developers Tuan Chau, Van Thinh Phat spin complicated web
Tuan Chau Group and Van Thinh Phat Group both contributed capital to and opened companies in Quang Ninh and Ho Chi Minh City where they are respectively headquartered, but these moves have proven unsuccessful with many joint ventures dissolving.
Companies - Fri, January 5, 2024 | 2:08 pm
Vietnam corporate bond market warms up after doldrums
Vietnam’s corporate bond market is showing signs of warming up after a period of stagnation caused by scandals at real estate conglomerates and the finance ministry’s regulatory tightening.
A year in review and 2024 forecasts - Wed, December 27, 2023 | 10:44 am
Van Thinh Phat chairwoman to face trial in $12.53 bln embezzlement case
Truong My Lan, chairwoman of property developer Van Thinh Phat Group, will face trial for embezzling over VND304 trillion ($12.53 billion) from Ho Chi Minh City-based Saigon Commercial Bank (SCB).
Top News - Fri, December 15, 2023 | 6:55 pm
Van Thinh Phat case just the tip of 'broken iceberg': legislator
The case of Van Thinh Phat Group is only the tip of a "broken iceberg" and there are "other icebergs that have yet to break," said National Assembly member Pham Van Hoa from the Mekong Delta province of Dong Thap on Tuesday.
Society - Wed, November 22, 2023 | 10:04 am
Bribery-accused tycoon built Van Thinh Phat empire with 1,000 plus businesses: investigators
Van Thinh Phat Group, whose founder Truong My Lan has been arrested for alleged bribery and other violations, commandeered an empire of more than 1,000 businesses, said investigators.
Companies - Mon, November 20, 2023 | 10:17 pm
Cross-ownership in Vietnam banks a headache seen from Van Thinh Phat-SCB scandal
The scandal surrounding real estate developer Van Thinh Phat Group and Saigon Commercial Bank (SCB) shows that violations in cross-ownership and cronyism have become complicated and increasingly sophisticated, posing a huge challenge for regulators when it comes to preventing businesses from controlling banking activities.
Banking - Mon, November 20, 2023 | 1:50 pm
Van Thinh Phat Group chairwoman-related assets frozen
The Ministry of Public Security's investigative agency has frozen 22 assets including one yacht, two ships and 19 cars belonging to Truong My Lan, chairwoman of Ho Chi Minh City-based real estate developer Van Thinh Phat Group, and other legal entities.
Society - Sun, November 19, 2023 | 11:52 am
Vietnam tycoon attempts to misappropriate $40 mln from businesswoman in trouble: police
Businessman Nguyen Cao Tri tried to misappropriate VND1 trillion (over $40 million) from Truong My Lan, chairwoman of real estate developer Van Thinh Phat Group, Ho Chi Minh City police said Friday.
Society - Sat, November 18, 2023 | 4:12 pm
Van Thinh Phat chairwoman accused of appropriating $12.53 bln from Saigon Commercial Bank
Truong My Lan, chairwoman of Ho Chi Minh City-based property developer Van Thinh Phat Group, has been accused of controlling operations at Saigon Commercial Bank (SCB) to appropriate over VND304 trillion ($12.53 billion), police said on Friday.
Society - Sat, November 18, 2023 | 10:40 am
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