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Vietnam: Billionaire Sentenced to Death in Fraud Case

  • #Vietnam
  • #Fraud and swindling
  • #Fossil fuel
  • #Taxation
  • #France
Vietnam: Billionaire Sentenced to Death in Fraud Case
story
APR 2024
Image copyright: Louise Bleakly/Contributor/Moment via Getty Images
story last updated APR 2024

The Spin

Narrative A

Vietnam is known for conducting show trials, but the amount of detailed effort prosecutors put into this case shows it may be different this time around. Truong, whose ancestry dates back to Saigon before the Communist government's economic crackdown, has been growing her portfolio for decades, from selling cosmetics to purchasing real estate. She may very well have been trying to bypass the government's strict rules on wealth.

The Sun

Narrative B

While Vietnam may prosecute some real criminals here and there, its overall anti-corruption agenda appears to be aimed at ousting political rivals and stifling normal business practices. Government officials, for instance, are, out of pure fear of being charged with corruption, refusing to approve investments and thus leaving public programs in limbo. By inhibiting business deals, the ruling party is kneecapping its own state-run economic goals.

Investment Monitor

Metaculus Prediction


Articles on this story

Vietnam jails environmental activist for three years over tax fraud
Al JazeeraJUL 2023
Vietnam jails leading climate activist Hoang Thi Minh Hong for tax evasion
GuardianJUL 2023
Prominent Vietnamese climate campaigner jailed for tax evasion
IndependentJUL 2023