Business woman Truong My Lan, front center, attends a trial in Ho Chi Minh City, Vietnam on Thursday, April 11, 2024. The real estate tycoon may face the death penalty if convicted of allegations that she siphoned off an amount …was accused of fraud amounting to $12.5 billion — nearly 3% of the country’s 2022 GDP.
Former President Vo Van Thuong resigned in March after being implicated in the campaign.’s richest real estate firms, with projects including luxury residential buildings, offices, hotels and shopping centers. Analysts said the scale of the scam raised questions about whether other banks or businesses had similarly erred, dampeninghas been trying to position itself as the ideal home for businesses trying to pivot their supply chains away from China.
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