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Prosecutors propose 20-years prison time for Truong My Lan’s niece
Truong Hue Van, CEO of property developer Van Thinh Phat, has been recommended 19-20 years prison for helping her aunt Truong My Lan steal from Saigon Commercial Bank.
Prosecutors recommend death sentence for Van Thinh Phat chairwoman Truong My Lan
The prosecutors have proposed a death sentence for Van Thinh Phat chairwoman Truong My Lan for committing severe crime over a long period and causing irrevocable consequences.
Tan Hoang Minh chairman Do Anh Dung and son on trial for $349M fraud
Property developer Tan Hoang Minh’s chairman Do Anh Dung and his son Do Hoang Viet went on trial Tuesday, accused of issuing fraudulent bonds to appropriate over VND8.6 trillion (US$349.6 million).
March 18, 2024 | 09:16 pm PT
Pacific Airlines suspends operations after returning leased aircraft
Pacific Airlines has returned all its leased airplanes due to financial difficulties, which has forced it to temporarily cease operations.
March 18, 2024 | 08:17 pm PT
Vincom Retail gets new CEO
Tran Mai Hoa has been reappointed CEO of mall operator Vincom Retail the same day conglomerate Vingroup announced the sale of its majority stake in it.
March 18, 2024 | 07:51 pm PT
Mega property project Saigon Peninsula used for $5.4B loans of Van Thinh Phat chairwoman
Saigon Peninsula, a mega luxury property project in Ho Chi Minh City, was used by Van Thinh Phat chairwoman Truong My Lan and her accomplices as collateral for loans worth VND133.71 trillion (US$5.4 billion).
March 18, 2024 | 07:49 pm PT
Prosecutors recommend ‘hardest sentence’ for Van Thinh Phat chairwoman
Prosecutors on Tuesday recommended that Van Thinh Phat chairwoman Truong My Lan should be given the hardest sentence and “ostracized from society forever” for a decade of stealing from Saigon Commercial Bank.
March 18, 2024 | 07:25 pm PT
Over 1,400 defrauded investors seek leniency for Tan Hoang Minh chairman and his son
1,420 investors defrauded by Tan Hoang Minh's illegal bond issuance seek leniency for the property developer's chairman Do Anh Dung and his son Do Hoang Viet after receiving compensation.
March 18, 2024 | 04:11 pm PT
VinFast founder launches global EV charging station company
Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of electric vehicle maker VinFast, on Monday announced the establishment of V-Green Global Charging Station Development Company.
March 18, 2024 | 03:00 pm PT
What stake do 3 heirs of Asia’s richest billionaire Ambani hold in family-run conglomerate?
Each offspring of billionaire Mukesh Ambani—Akash, Isha, and Anant—possesses 8,052,021 shares in Reliance Industries, the conglomerate owned by their family.
March 18, 2024 | 06:16 am PT
Who are the 5 richest families in Asia?
The Ambanis and Mistrys from India, along with the Hartonos from Indonesia, are among Asia's 5 wealthiest families, boasting a collective net worth of $247.2 billion, as reported by Bloomberg.
March 17, 2024 | 03:08 pm PT
Vingroup to divest from mall operator Vincom Retail
Conglomerate Vingroup has decided to sell its stake in Vincom Retail, lowering ownership in the retail unit to 18.37%.
March 17, 2024 | 11:50 pm PT
Le Pavillon Hoi An hotel goes to auction again with $4.4M starting bid
VietinBank is preparing for the third auction of the four-star Le Pavillon Paradise Hoi An Hotel & Spa, with a starting price of VND110 billion ($4.45 million), down 21% from its initial valuation in previous attempts.
March 17, 2024 | 10:00 pm PT
Salaries decline across board for software engineers
The median salaries for software engineers plummeted in 2023, according to human resources technology platform TopCV.
March 17, 2024 | 08:05 pm PT
15 people behind property developer Tan Hoang Minh’s $349M fraud
Do Anh Dung, chairman of property developer Tan Hoang Minh, along with his son and 13 others are accused of issuing illegal bonds to steal VND8.6 trillion ($349 million) from 6,630 investors.
March 17, 2024 | 07:36 pm PT
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