The Fall of Vietnam's Real Estate Queen: Trương Mỹ Lan and Her $12 Billion Collapse
7 months ago
In an astonishing sequence of events highlighting the vulnerabilities in Vietnam's booming real estate sector, Trương Mỹ Lan, once hailed as a powerhouse in the industry, has seen her empire unravel, leading to a staggering loss estimated at $12 billion. This development reflects broader tensions within the nation’s economy, marked by a slowdown in real estate investment and increasing regulatory scrutiny.
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Vietnamese Tycoon Truong My Lan Convicted in Second Fraud Case, Sentenced to 12 Years
7 months ago
In a high-profile legal development, Truong My Lan, the prominent Vietnamese billionaire and chairwoman of the real estate giant An Phat Holdings, has been found guilty in her second major trial concerning fraud. A court in Ho Chi Minh City delivered the verdict on October 17, 2024, sentencing her to 12 years in prison.
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