Tag: Vietnam

Vietnam sentences real estate tycoon to death for fraud

HANOI, Vietnam (AP) — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh city in southern Vietnam in the country’s largest financial fraud case ever, state media Thanh Nien said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.5 […]

Vietnam property tycoon sentenced to death in $27 billion fraud case

Ho Chi Minh City — A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. A panel of three hand-picked jurors and two judges rejected all defense arguments by Truong My Lan, the chair of major developer Van Thinh […]

Vietnam seeking to learn from China with high-speed rail plan

HANOI (Reuters) – Vietnam is seeking to learn from China to develop its first high-speed railway network, according to its government, with plans in the works for a rail line running the length of the country. Vietnam is planning to build a 1,545 km (960 miles) high-speed system with a price tag that could be […]

Vietnam seeking to learn from China with high-speed rail plan

HANOI (Reuters) – Vietnam is seeking to learn from China to develop its first high-speed railway network, according to its government, with plans in the works for a rail line running the length of the country. Vietnam is planning to build a 1,545 km (960 miles) high-speed system with a price tag that could be […]