The Vietnamese businesswoman Truong My Lan was sentenced to death yesterday by a court in Ho Chi Minh City, bringing to an expected end one of the country’s largest-ever corruption cases. The wealthy 68-year-old, who headed real estate company Van Thinh Phat (VTP), is accused of using “thousands of ghost companies” to embezzle 304 trillion … Read more
Vietnam’s National Assembly has accepted the resignation of Vietnam’s President Vo Van Thuong, who has become the second president to step down in as many years amid a wide-ranging anti-corruption campaign. In a statement yesterday, the Central Committee of the Communist Party of Vietnam (CPV) announced that it had accepted Thuong’s resignation from all official … Read more
Vietnamese prosecutors are calling for the death sentence for the businesswoman who allegedly masterminded the biggest fraud in the country’s history, state media reported yesterday. Truong My Lan, 68, the chairperson of the Ho Chi Minh City-based real estate developer Van Thinh Phat Holdings Group, is accused of using “thousands of ghost companies” to embezzle … Read more
Vietnamese President Vo Van Thuong resigned after a little over a year in the job, the Communist Party said Wednesday, making him the latest senior official to leave office amid an intense anti-corruption campaign. The party said it had accepted his resignation, writing in a statement that “violations by Vo Van Thuong have left a … Read more
Vietnam’s National Assembly is scheduled to meet later this week to discuss unspecified “personnel issues,” Reuters reported today, citing a letter sent to legislators that raises the possibility of more upheaval at the upper ranks of the government. The letter signed by the general secretary of the national assembly Bui Van Cuong and sent to … Read more
Vietnam yesterday opened its trial in the case of the real estate tycoon Truong My Lan, who faces the death penalty in one of the country’s largest-ever corruption cases. The 66-year-old, who headed real estate company Van Thinh Phat, is accused of using “thousands of ghost companies” to embezzle an eye-popping 304 trillion dong ($12.54 … Read more
Similar to other authoritarian regimes worldwide, the survival of the Communist Party of Vietnam (CPV) hinges on the support of ordinary citizens. Initially, the CPV sought widespread legitimacy and support through a combination of nationalism and communism. However, the near collapse of the economy in the 1980s led to disillusionment regarding ideology-based legitimacy, prompting the … Read more
ASEAN Beat | Politics | Southeast Asia Among the most prominent officials were high-ranking members of the ministries of foreign affairs, public health, and public security. Advertisement On Friday, one of Vietnam’s largest-ever bribery cases concluded with hefty prison terms for 54 people, including a former deputy foreign minister and several senior diplomats. They were accused and convicted of … Read more