Truong My Lan, chairwoman of Van Thinh Phat Holdings, second from left, arrives at the Ho Chi Minh City People's Court in Ho Chi Minh City, Vietnam, Photo: Maika Elan/Bloomberg Vietnam's Anti-Corruption Campaign Has Slowed Legal Approvals, Stymying Deal Flow
A more measured approach by investors and authorities has prompted longer due diligence processes.
April 29, 2024 at 03:50 PM
6 minute read
Risk and Compliance
Over the past year, Vietnam has been aggressively cracking down on corruption—a campaign that culminated with Truong My Lan, a 67-year-old former real estate tycoon, being sentenced to death earlier this month for her involvement in the country's biggest financial fraud case in history.
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