The Downfall of Vietnam's Real Estate Queen

Jung Milan, a Vietnamese businesswoman, was sentenced to death for orchestrating a massive fraud case involving embezzlement and bribery. Her case highlights Vietnam's rapid economic growth and the challenges it faces, including corruption. Milan's rise began in the 1980s, leading to the creation of a real estate empire and control over Saigon Commercial Bank. The anti-corruption campaign in Vietnam, intensified since 2016, aims to attract foreign investment but has faced criticism for its lack of transparency. Despite political instability, Vietnam remains a favored investment destination, with demands for greater transparency and regulatory improvements.

What was the scale of the fraud committed by Jung Milan compared to other fraud cases?

How has the anti-corruption campaign affected decision-making in Vietnam?

What challenges does Vietnam face as it seeks to attract foreign investment?