The Epic Downfall of Vietnam’s Real Estate Queen

Video Description

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. Sign up here to receive the Bloomberg Evening Briefing, our flagship newsletter delivered to your inbox daily 👇 https://www.bloomberg.com/account/newsletters/evening-americas?sref=fSOf3OlP?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article 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 -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.