Former HCMC Party chief faces disciplinary action for Van Thinh Phat Group-related violations
The Central Inspection Committee has proposed disciplinary action against Le Thanh Hai, former member of the Politburo - the country’s highest decision-making body, and former Party chief of Ho Chi Minh City, for violations related to property group Van Thinh Phat.
Politics - Wed, May 8, 2024 | 8:11 pm
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
Former State Bank of Vietnam inspection chief receives life sentence in Van Thinh Phat scandal
Do Thi Nhan, former head of the State Bank of Vietnam's inspection and supervision department, was sentenced to life imprisonment on Thursday for receiving bribes related to the Van Thinh Phat scandal.
Society - Thu, April 11, 2024 | 10:34 pm
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
Sacombank refutes Bamboo Airways ex-CEO’s claim on chairman’s involvement in Van Thinh Phat scandal
Sacombank, a mid-sized lender in Vietnam, has rejected claims by former CEO of Bamboo Airways alleging that its chairman has been involved in the notorious Van Thinh Phat scandal and banned from leaving the country.
Banking - Tue, April 2, 2024 | 12:29 pm
Foreign banks oppose Van Thinh Phat chairwoman’s proposal to sell Capital Place building in Hanoi
HSBC and OCBC Bank Singapore have opposed a proposal by Truong My Lan, chairwoman of real estate developer Van Thinh Phat, to sell the Capital Place building in Hanoi to remedy the consequences she had caused in a scam.
Society - Sat, March 30, 2024 | 3:27 pm
Trial of Van Thinh Phat chairwoman, accomplices to last nearly 2 months
The chairwoman of real estate developer Van Thinh Phat and her husband will be put on a first instance trial by the Ho Chi Minh City People's Court from March 5 to April 29 for causing losses of VND484 trillion ($19.73 billion) to private lender Saigon Commercial Bank (SCB).
Society - Sat, February 17, 2024 | 9:34 am
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
Van Thinh Phat chairwoman accused of 'money laundering'
Real estate developer Van Thinh Phat chairwoman Truong My Lan has been accused of “money laundering” after using over VND304 trillion ($12.53 billion) she had appropriated from Saigon Commercial Bank (SCB) to buy properties and make money transfers abroad, according to the Ministry of Public Security.
Society - Thu, December 28, 2023 | 11:51 am
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
Vietnam PM orders scrutiny of crossholdings in banking system
Prime Minister Pham Minh Chinh has ordered strict handling of all violations found after an urgent scrutiny of crossholdings at credit institutions in the country.
Banking - Tue, December 19, 2023 | 4:46 pm
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