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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam renewable power developers sell projects to foreign investors
In a recent wave of renewable energy investments in Vietnam, many domestic tycoons have registered large-scale projects and then quickly transferred stakes to foreign investors to take a fast profit.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese tycoon family’s fashion firm suffers sudden loss
Duy Anh Fashion and Cosmetics JSC, owned by the family of billionaire Johnathan Hanh Nguyen, recorded a net loss of VND7 billion ($288,900) in the first half of 2023 compared to a profit of VND130.6 billion ($5.39 million) in the same period last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese tycoon-chaired Sasco’s 2022 profit soars by 77 times
Southern Airports Services JSC, with well-known billionaire Johnathan Hanh Nguyen as its chairman, has reported a 2022 pre-tax profit of around VND230 billion ($9.8 million), 77 times higher than in 2021, when airports were often closed due to the pandemic.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Vietnam data market charms foreign players: property firms
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