Truong My Lan, the head of property developer Van Thinh Phat was sentenced to death this week convicted of a number of charges including embezzling US$12.5 billion. Local news coverage is more or less all the same. See: Vietnam property tycoon Truong My Lan sentenced to death in multi-billion dollar fraud case. In the international press the BBC had some pretty good analysis, see: Truong My Lan: Vietnamese billionaire sentenced to death for $44bn fraud.
YOUR VIETNAM DAILY NEWS BRIEF | NOVEMBER 12, 2026
Financial difficulties at two major gym chains raise questions about consumer spending and household finances in Vietnam. Meanwhile, a Chinese contractor joins Vingroup’s US$3.9
YOUR VIETNAM DAILY NEWS BRIEF | NOVEMBER 11, 2026
Vietnam’s central bank moves to rebuild foreign exchange reserves despite mounting inflation pressures, raising questions about the government’s economic strategy. Meanwhile, reports of Vingroup-linked
YOUR VIETNAM DAILY NEWS BRIEF | NOVEMBER 10, 2026
Vietnam’s government forecasts a 40 percent surge in property-related revenue in 2027 despite weakening real estate transactions, raising questions about the sustainability of its
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