https://www.scmp.com/rss/524012/feed Truong My Lan: A prominent Vietnamese real estate tycoon, she chaired Van Thinh Phat Group, a conglomerate known for significant property developments. Her career involved building a vast business empire. However, her expertise was controversially applied in orchestrating a colossal banking fraud involving Saigon Commercial Bank, which she secretly controlled. This scheme, spanning a decade, saw billions siphoned through shell companies and fake loans. Convicted of embezzlement and bribery, she... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Bloomberg Bloomberg A Vietnamese court convicted a former top-ranking gold executive and 15 others in a case that spotlighted shortcomings in the state’s monopoly on gold trading, which is now being scrapped in favour of a more market-oriented approach. Le Thuy Hang, the ex-CEO of Saigon Jewelry Company, was sentenced to 25 years in prison for embezzlement and the abuse of power for taking advantage of government policies related to precious metals on Monday, VnExpress reported. SJC, as the firm is known, was the... https://www.scmp.com/news/asia/southeast-asia/article/3327349/vietnam-jails-ex-saigon-jewelry-ceo-us4-million-gold-bullion-scam-costs-state-dearly?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3327349/vietnam-jails-ex-saigon-jewelry-ceo-us4-million-gold-bullion-scam-costs-state-dearly?utm_source=rss_feed Tue, 30 Sep 2025 06:05:44 +0000 SCMP SCMP We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Vietnamese property tycoon Truong My Lan escapes death penalty 2. ‘Small wins don’t hide the truth’: Philippine tourism slumps amid Asean’s boom 3. Arranged to kill? Newlywed wives accused of murdering husbands stun India 4. Malaysia’s first ethnic Chinese lieutenant... https://www.scmp.com/news/asia/southeast-asia/article/3316458/vietnams-truong-my-lan-escapes-death-penalty-philippine-tourism-slump-7-asia-highlights?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3316458/vietnams-truong-my-lan-escapes-death-penalty-philippine-tourism-slump-7-asia-highlights?utm_source=rss_feed Tue, 01 Jul 2025 04:15:13 +0000 SCMP SCMP We have selected seven stories from the SCMP’s coverage over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. White House says US reaches ‘understanding’ with China on rare earth shipments The United States and China reached a “framework” agreement on how to facilitate rare earth shipments, implementing a deal based on bilateral trade talks that started last month in Geneva,... https://www.scmp.com/news/world/article/3316014/us-china-rare-earth-agreement-xi-set-miss-brics-summit-scmps-7-highlights?utm_source=rss_feed https://www.scmp.com/news/world/article/3316014/us-china-rare-earth-agreement-xi-set-miss-brics-summit-scmps-7-highlights?utm_source=rss_feed Fri, 27 Jun 2025 04:35:56 +0000 SCMP’s Asia desk SCMP’s Asia desk Vietnamese real estate tycoon Truong My Lan, who masterminded a US$12.5 billion banking fraud, has avoided the gallows after the government on Wednesday scrapped the death penalty for eight crimes, including embezzlement. Lan, the chairwoman of property giant the Van Thinh Phat Group, was sentenced to death last year on embezzlement and bribery charges. Her lawyer said the sentence “will be converted to life imprisonment” after the National Assembly abolished capital punishment for eight... https://www.scmp.com/week-asia/people/article/3315765/vietnamese-tycoon-truong-my-lan-escapes-death-penalty-serve-life-jail?utm_source=rss_feed https://www.scmp.com/week-asia/people/article/3315765/vietnamese-tycoon-truong-my-lan-escapes-death-penalty-serve-life-jail?utm_source=rss_feed Wed, 25 Jun 2025 07:35:23 +0000