A court in Vietnam on Tuesday upheld a death sentence for real estate tycoon Truong My Lan after rejecting her appeal against a conviction for embezzlement and bribery in a high-profile $12 billion …
EV maker VinFast to build second production plant in Vietnam
Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet …
VinFast’s New EV Factory to Start Operation in Vietnam By July
VinFast Auto Ltd.’s new electric vehicle manufacturing plant in Vietnam’s central province of Ha Ting will start operating by July next year, according to an emailed statement.
Vietnam attracts nearly $31.4B in foreign investment in 11 months
Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached $31.4 billion in the first 11 months of …
Death sentence upheld for property tycoon in Vietnam — unless she pays $9 billion before execution
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
Vietnam Property Tycoon On Death Row Awaits Appeal Verdict
A Vietnamese property tycoon sentenced to death in a multi-billion-dollar fraud case arrived in court Tuesday, as she awaits the verdict of her appeal in one of the biggest corruption prosecutions in …
Real estate prices in Vietnam expand by 59% over 5 years
Vietnam’s real estate price growth over the past five years has reached 59%, significantly higher than other countries such as the US (54%), Australia (49%), Japan (41%), and Singapore (37%), …
Vietnam receives 15.8 million foreign tourists in first 11 months
There have been 15.8 million foreign arrivals to Vietnam in the first 11 months of this year, up 41% year-on-year, but the country is still playing catch-up with Southeast Asian peers Thailand and Malaysia.
Thailand’s WHA CEO talks about the company’s investments in Vietnam
Jareeporn Jarukornsakul, Chairman and Group CEO of WHA Corporation, a leading industrial property developer in Thailand, talks to CNBC about President-elect Trump’s proposed tariffs, and how the …
This Vietnamese Property Tycoon Is Facing Death Penalty For World’s Biggest Bank Fraud — All About It
The Vietnamese real estate magnet’s appeal against death sentence was rejected but can avoid execution if she pays back $9 billion, which is 75% of the embezzled amount.