The Epic Downfall of Vietnam’s Real Estate Queen
Truong My Lan was a well-known property mogul in Vietnam’s business community. She also was the mastermind behind one of the biggest frauds the world has ever seen. Her conviction and subsequent death sentence have become a symbol of the years-long anti-corruption campaign by Vietnam’s communist party–one that’s gone all the way to the highest echelons of power. The case also highlights the developing economy’s challenges as it positions itself as an alternative investment destination to China.
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00:00 Introduction
00:59 Rags-to-riches
2:09 How Lan stole billions
3:11 Vietnam’s economic boom
3:35 Corruption crackdown
6:22 Impact on business
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