BUSINESSMay 21 · 10:54 UTCBLOOMBERGNguyen Dieu Tu Uyen, Cao Ban

Vietnam’s Convicted Mogul Repays $455 Million to Bondholders

Truong My Lan, chairwoman of Van Thinh Phat Holdings, has repaid $455 million to bondholders while facing a second trial on fresh fraud charges in Ho Chi Minh City. The case reflects the new Communist Party chief's intensified crackdown on corruption among Vietnamese business elites.

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Mentioned

Truong My LanpersonVan Thinh Phat HoldingsorganizationHo Chi Minh City People's CourtorganizationHo Chi Minh CityplaceVietnamplaceCommunist Party of VietnamorganizationCorruption crackdowntopic

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