How did billionaire Truong My Lan steal 3% of Vietnam's 2022 GDP? | DW News

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  • Опубліковано 16 тра 2024
  • Property tycoon Truong My Lan has been sentenced to death in Vietnam's biggest ever financial fraud case.
    Truong My Lan was one of 85 people on trial for embezzling $12.5 billion. The death sentence is seen as unusually severe. Lan's arrest last year was part of an anti-corruption drive that has engulfed the top levels of Vietnamese politics.
    _
    00:00
    00:27 Professor Tuong Vu, Director of US-Vietnam Research Center Oregon
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    #Vietnam #Corruption #truongmylan

КОМЕНТАРІ • 2,4 тис.

  • @BlueJazzBoyNZ
    @BlueJazzBoyNZ Місяць тому +1900

    You don't do this BS alone...

    • @filonin2
      @filonin2 Місяць тому +184

      Yeah, we know. They said she's being prosecuted with 84 other people @ 0:06.

    • @politisk_prins
      @politisk_prins Місяць тому +44

      Can’t they slide me a couple bill😢

    • @MrDosonhai
      @MrDosonhai Місяць тому +180

      @@filonin2 All those 84 are just goons. We're talking high-ranking officials, including the top four here. She's their scapegoat.

    • @lemonhaze1506
      @lemonhaze1506 Місяць тому +24

      @@MrDosonhai High-ranking officials included in the 84 people

    • @itsnotif.itswhen
      @itsnotif.itswhen Місяць тому +64

      @@lemonhaze1506theyre not that high rank. We’re talking about prime minister level

  • @28ebdh3udnav
    @28ebdh3udnav Місяць тому +545

    She didn't act alone. She promised some people money to help her steal and they would get a cut and when she got greedy, they testified against her

    • @stevelee6283
      @stevelee6283 29 днів тому

      She just "front line" collector for "big bosses" behind. This is the Northern VC gang attacks Southern VC gang to take control Saigon wealthy and economics territorials.

    • @Bikemom277
      @Bikemom277 29 днів тому +22

      And the money she stole, the people definitely won’t get it totally. She is just a scapegoat…

    • @s4lino
      @s4lino 29 днів тому +12

      @@Bikemom277 she didn't seem very scared almost like Trump taking a snooze...must just be a scare/negotiation tactic considering the connections she has...probably just end up with some plea deal and no worry all is happy whilst all those average Viet people wonder why they are working so hard....

    • @icemann4699
      @icemann4699 27 днів тому

      If one has near total control of a financial business entity, it's not so hard to defraud and funnel vast amounts of money. Bernie Madoff who runs his investment securities firm defrauded investors for $18B and created a Ponzi scheme worth $65B! Of course, Madoff didn't do it all by himself. He (and family members) and several of his colleagues were involved and were later convicted.

    • @user-ek2eb5md8g
      @user-ek2eb5md8g 26 днів тому +1

      Thats how it goes

  • @RealAnthonyJones
    @RealAnthonyJones Місяць тому +226

    She didn’t get caught. She getting sacrificed.

  • @hopeandlove626
    @hopeandlove626 Місяць тому +226

    There are 86 people who have been imprisoned, one death penalty and three life sentence, many are sentenced between 3 to 20 years. This guy knows very superficially.

    • @dictatoribenevolo8394
      @dictatoribenevolo8394 26 днів тому +7

      this guy can barely string 3 words in a row into a coherent sentence

    • @Vv0nG3r92
      @Vv0nG3r92 25 днів тому +3

      Yeah either he isn't knowledgeable enough or his English is bad and shouldn't be giving an interview in english

    • @FredPlanatia
      @FredPlanatia 24 дні тому +18

      i could understand him just fine. He wasn't asked about what you mention. He answered the questions posed to him.

    • @stupidcupid212121
      @stupidcupid212121 6 днів тому +1

      @@dictatoribenevolo8394 Try explaining politics in your second language and let's see how well you can string a sentence together

  • @stevedolesch9241
    @stevedolesch9241 Місяць тому +1583

    So, government is also guilty.

    • @MrJohannespham
      @MrJohannespham Місяць тому

      In a country where the communist party even higher is than laws. Your guess could be correct

    • @ktp20101
      @ktp20101 Місяць тому +144

      You got it right. But she only got caught up because her biggest supporters retired, others who replaced that guy might be wasn't too happy with her.

    • @WhyWorldWet
      @WhyWorldWet Місяць тому

      This is why people don’t have faith in governments anymore. So much corruption.

    • @AnthonyTolhurst-dw1nc
      @AnthonyTolhurst-dw1nc Місяць тому +15

      Facilitators. She gets punished.

    • @notorioustori
      @notorioustori Місяць тому

      Government is just a tool. It's the people who use the government for ill-gotten gains that are the issue.

  • @AverageJoe483
    @AverageJoe483 Місяць тому +992

    She paid off the wrong people it seems .

    • @CrackHeadHuntersPharmacist
      @CrackHeadHuntersPharmacist Місяць тому +65

      Didn't give her 10 percent to the Big Guy.🤷🏻

    • @MrMarcalc
      @MrMarcalc Місяць тому +15

      @@CrackHeadHuntersPharmacistnice reference

    • @luigibru8677
      @luigibru8677 Місяць тому +59

      Nah... the scam was too big to be kept secret for longer.

    • @tkp97
      @tkp97 Місяць тому +21

      @@luigibru8677 apparently it has been happening for a decade. so yeahh

    • @snowlion8352
      @snowlion8352 Місяць тому +29

      if she had paid the wrong people, would not had even got the loan money to began with. i thik she paid the right people and got the loan money, but the loan amount was too big to hide long enough. she was caught by her greed.

  • @hviettan
    @hviettan 28 днів тому +14

    I live in Vietnam and I can confirm this. The more I research the laws for my job, the more of the risk violating it I feel. The laws are so vague that it only allows the tax official to interprete it the way they want and almost impossible to do the norm of my industry without violating the law in some ways.
    5:11 "Everyone who does business in Vietnam has to try to evade the laws or violate the law in in some ways because the laws are vague and the laws are are meant to serve the officials and not to serve the business or the people so the laws made to serve the the officials the government so whenever the government want to use the law against you they can use it and so uh so it it's very uh it's almost impossible to do any business in Vietnam without violating the laws."

  • @londontipton7780
    @londontipton7780 Місяць тому +15

    Wonderful interview without any interruptions. Great job ❤

  • @mark-
    @mark- Місяць тому +754

    The Vietnamese government is guilty as well then

    • @mng1110
      @mng1110 Місяць тому +18

      The CP is actually 😂😂😂

    • @kaliforniaman
      @kaliforniaman Місяць тому +2

      💯% correct someone please tell that to @azndragon75 😂

    • @danielmelendez9943
      @danielmelendez9943 Місяць тому +15

      i am sure that due to the vast amount of money stolen, this was a joint effort on her behalf and problably some top officials knew what was going on but they all stay silent. This took years and this is only the money they have accounted, not what she paid for bribes.

    • @raykane2063
      @raykane2063 Місяць тому +11

      Looks like everyone had their eyes shut

    • @williamwatitwa3534
      @williamwatitwa3534 Місяць тому +2

      Who is Vietnamese government? [ its the people of Vietnam]

  • @Siranoxz
    @Siranoxz Місяць тому +369

    It seems that the government is equally complicit here.

    • @Andyxxx2006
      @Andyxxx2006 Місяць тому +37

      The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.

    • @namdangvan3345
      @namdangvan3345 Місяць тому +4

      @@Andyxxx2006 you say soo true, this video so bad , it make everybody misunderstand

    • @josephherrmann6304
      @josephherrmann6304 Місяць тому

      The government of Vietnam is complicated-everything is complicated whenever you have to use even just one document to do something. What is not complicated is their culture/lifestyle.

    • @NghiaLe-zd2ff
      @NghiaLe-zd2ff Місяць тому +2

      Then why they arrest her now? For as well being exposed with her?😂

    • @Tiglath-PileserXIX
      @Tiglath-PileserXIX Місяць тому +1

      Well at least they prosecute their own. Imagine this happening in African countries?

  • @TheYohan1989
    @TheYohan1989 Місяць тому +119

    How come this sentence was not applied to the corrupt officials in our country 🇵🇭

    • @Ordell1991
      @Ordell1991 27 днів тому +4

      Same here 😐🇮🇩

    • @elvirasampoli780
      @elvirasampoli780 27 днів тому +13

      Sana all,,my respect to the Vietnamese government ..in our country Philippines thief, corrupt govt officials lived like kings and queens, with out remorse,,😢

    • @Badget007
      @Badget007 26 днів тому +2

      ​@@elvirasampoli780and then one of them manages to be a century old

    • @a3zth3tikz
      @a3zth3tikz 25 днів тому

      because instead of getting convicted of a crime, they get elected into government
      i mean, one even made it into presidency

    • @crytallee2452
      @crytallee2452 24 дні тому +1

      It’s happyed only in communism country

  • @KhoaBuiLawyer
    @KhoaBuiLawyer Місяць тому +32

    I am VN lawyer and got LL.M in an New York Law School, the actual reasons are between the lines. The banking and securities laws in Vietnam also contributed to this wrongdoing case. Besides, the competent administrators did knowingly learnt about her frauds (actually not only hers). There are complex issues here but personally the biggest issue here is the legal system and enforcement bodies.

    • @dangda-ww7de
      @dangda-ww7de 22 дні тому +4

      Even the president of vn got ran out of office after only a year, the guy before him got ran out too, whenever you see a sport car in vietnam majority of those are these money here.

    • @abanachelsea9884
      @abanachelsea9884 15 днів тому

      Are they going to carry out the death sentence or she has a way out by returning back the money ?

    • @KhoaBuiLawyer
      @KhoaBuiLawyer 12 днів тому

      @@abanachelsea9884 Even if she can return back the money in full, the death penalty was decided by the court. In this case, it seems no way for her to appeal the court's decision.

  • @gskylexkk7280
    @gskylexkk7280 Місяць тому +680

    At 68, she still looks good, she looks calm even with a death sentence, at her age, she got nothing much to lose, she had been rich and powerful for a very long time whilst many poor Vietnamese people are still suffering from poverty.

    • @TheRonnie34567
      @TheRonnie34567 Місяць тому +132

      She just lost the most valuble thing to loose that you cant get back,,,,LIFE

    • @eliathan69
      @eliathan69 Місяць тому +34

      Money is more important than life, she is scary

    • @Juann-je8gq
      @Juann-je8gq Місяць тому +19

      @@TheRonnie34567yeah. She will be fearful when she’s pulled outta her cell

    • @trungduong4040
      @trungduong4040 Місяць тому +68

      And she's the exact reason why thousands of Vietnamese people are now in poverty.

    • @JohnEastmanExAttyAtLaw
      @JohnEastmanExAttyAtLaw Місяць тому +28

      that is because she knows she will not get the death sentence. it will be commuted after they get the money back. she may do life though.

  • @phuongha3113
    @phuongha3113 Місяць тому +238

    She's the one that got caught. There's still more of them that's hasn't been caught.

    • @18booma
      @18booma Місяць тому

      Every real estate boss is rich off other peoples' money. If Vietnam wants to claim Communism, then they must start governing like it. No more private property! Only personal property and the peoples' property.

    • @rick-be
      @rick-be Місяць тому

      And won't be,because they are part of the Politburo.

    • @giangtruong2909
      @giangtruong2909 Місяць тому +1

      Can you tell who it is?

    • @finalfantasy84
      @finalfantasy84 Місяць тому +5

      i mean they say it in the video. 84 others have been caught 😅

    • @TT-dp8qh
      @TT-dp8qh Місяць тому +1

      You are damn right!

  • @riejon80
    @riejon80 29 днів тому +6

    There is an old saying that no one goes to prison because of debt...but this news,
    is surprising, because the sentence for financial crime is immediate death sentence.Unbelievably Ridiculous.

    • @yalebai487
      @yalebai487 7 днів тому

      This isnt a debt issue, this is fraud and bribery lol

  • @ngaduongm
    @ngaduongm Місяць тому +2

    Thank you DW News and thank you Mr. Tung Vu

  • @AndresNostos
    @AndresNostos Місяць тому +485

    As mentioned in the video, an awful lot of people participated in this corruption case. They should get harsh sentences as well.

    • @MrDosonhai
      @MrDosonhai Місяць тому +66

      Many of them are of the top of my country, properly including the ex-prime minister as well. She's their scapegoat.

    • @fuck_you_china
      @fuck_you_china Місяць тому

      It’s a distraction. Never trust the communist party. It’s a heavily corrupted gov system.

    • @thomaskortvelyessy
      @thomaskortvelyessy Місяць тому +6

      Thank you for clarifying that explains a lot

    • @transistorchip3132
      @transistorchip3132 Місяць тому +1

      At first I thought the sentence was to extreme. But three percent? Yeah valid.

    • @rizalalejandro1917
      @rizalalejandro1917 Місяць тому +6

      Definitely a bagwoman. A scapegoat

  • @brianmack3665
    @brianmack3665 Місяць тому +127

    Upper middle class in Vietnam is $1,500 a month, this level of corruption can destabilize a nation.

    • @phanhuyduc2395
      @phanhuyduc2395 Місяць тому +9

      lol you need more than 1 million dollar in your bank account to be consider an Upper middle class in Vietnam at the moment

    • @phucton3835
      @phucton3835 Місяць тому +27

      @@phanhuyduc2395 1 million dollars makes you a millionaire, not middle class .

    • @phanhuyduc2395
      @phanhuyduc2395 Місяць тому +6

      @@phucton3835 yeah you got the problem. Because millionaire is only consider " upper middle class" in Vietnam lol. To be consiider rich in VN now you need to worth 50 million dollar

    • @ThuNguyen-lw8lr
      @ThuNguyen-lw8lr Місяць тому +7

      The salary of the president of VN is 1,200 USD a month.

    • @MrLekung
      @MrLekung Місяць тому

      ​@ThuNguyen-lw8lr u sure where did u get this info from ? U know there get unlimited salary its corruption it range from $500.000 to million a month nlthey need to arrest all vietnam gov and put people of vietnam in charge

  • @sd906238
    @sd906238 Місяць тому +74

    She forgot to kick 10% up to "The Big Guy".

    • @TrueMAGA
      @TrueMAGA 27 днів тому

      Have you read ...TheArtofTheDeal.🧠💲

  • @k.sullivan6303
    @k.sullivan6303 Місяць тому +6

    I hope the Vietnamese get this all straightened out. They have suffered so much as a country over the years. I think that a big part of getting this resolved is for the government to use total transparency as to what they are doing to fix the situation. The transparency method might lead to the best decisions being made for the country and it's people.

  • @stevedolesch9241
    @stevedolesch9241 Місяць тому +666

    12 million I understand but 12.5 billion? I'm dumbfounded. Vietnam?

    • @ngandang96
      @ngandang96 Місяць тому +110

      Well u can imagine the 80% of ppl's savings in that bank in 10 years went to her shell companies

    • @jonwick7635
      @jonwick7635 Місяць тому +33

      Thats nothing compared to endonesia

    • @jeffcombs2950
      @jeffcombs2950 Місяць тому +36

      You should see the estimates on Putin.

    • @MrDosonhai
      @MrDosonhai Місяць тому

      Socialist/Communist countries are all like that. All top-ranking officials are downright criminals.

    • @Nguyenthu.artist
      @Nguyenthu.artist Місяць тому +34

      actually it's 677000 billion VND = more than 27 billion USD, lots of money can't gain back

  • @ricknico2577
    @ricknico2577 Місяць тому +128

    NEVER ENOUGH..… no one is poorer then greedy people..

    • @ayomideakinsiku7892
      @ayomideakinsiku7892 Місяць тому

      Saved.

    • @leprincegut9465
      @leprincegut9465 29 днів тому +2

      Oh Yessss greedy is synonymous poorest 😂😂😂

    • @TrinhNguyen-sh4fj
      @TrinhNguyen-sh4fj 29 днів тому +6

      I agree and there is no limit to greed for some people and now they pay the highest price with their lives.

    • @wadehiggins1114
      @wadehiggins1114 27 днів тому

      Than

    • @ricknico2577
      @ricknico2577 27 днів тому +1

      @@wadehiggins1114 thank you for correcting me🙏 English is my third language.

  • @Alexibawendi
    @Alexibawendi Місяць тому +14

    As a newbie that wants to invest, you must have these three things in mind
    1. Have a long term mindset.
    2. Be willing to take risk.
    3. Be careful on money usage, if you're not spending to earn back, then stop spending.
    4. Never claim to know - Ask questions and it's best you work with a financial advisor.

  • @lancesay
    @lancesay 24 дні тому +3

    at 5:19... the laws are vague to serve the official, not the business or the people.

  • @JJ2023.
    @JJ2023. Місяць тому +84

    if this was going on for 10 years who is auditing the public sector accounts 😬 very sad for ordinary Vietnamese workers.

    • @winstonsgmx
      @winstonsgmx 7 днів тому

      It's not that they dont know, but the official shielding here was still in office. This case is a 10 years progression of jailing so many officials to get to her.

  • @CaraMarie13
    @CaraMarie13 Місяць тому +246

    So why is she the only one going six feet under for this? She might have been at the top but you dont keep that going for so long without a whole lot of people holding it up

    • @u.synlig
      @u.synlig Місяць тому +26

      The guest explains tge "why" at 4:15: _leverage._ The government wabts to pressure her into handing over specific information. If she complies, her sentence may be commuted to a prison term.

    • @lancecahill5486
      @lancecahill5486 Місяць тому +19

      They want to silence her.,

    • @appleish5043
      @appleish5043 Місяць тому

      @@lancecahill5486lol, they didn’t silence her 😒 the trial is known to everyone, not like in China, no one knows when a trial is going on n what’s in it. And it’s true what the previous commentor said, the government is trying to get her to cough up the money lol: your life or money. Also there are about 80 other ppl are in trial for involving in this case

    • @9Mountains9
      @9Mountains9 Місяць тому +1

      She most likely helped her family and a lot of people

    • @alanmorris1828
      @alanmorris1828 Місяць тому +8

      She pissed SOMEONE off. 😪

  • @PlaySA
    @PlaySA Місяць тому +45

    Corruption is a way of life in Vietnam. Trust me, I worked there for two years and paid bribes of my own on occasion.

    • @addanametocontinue
      @addanametocontinue Місяць тому

      There's an organization that does rankings on this corruption bribes and yes, Vietnam doesn't rank very good.

    • @ucNhoc
      @ucNhoc 12 днів тому +1

      I'm a vietnamese and i confirm! though it's not that often anymore, middle-income business in here is actually in coherent paperworks and legal! The campaign worked i guess

  • @jhonaraujolopez
    @jhonaraujolopez Місяць тому +6

    “ It is almost imposible to do bussiness in Vietnam without violating the law “

  • @user-ih9tb8km5k
    @user-ih9tb8km5k Місяць тому +118

    She didn't pay the right person off

    • @AngelGomez-kz9su
      @AngelGomez-kz9su Місяць тому +3

      she didn't share well in my opinion there are many others there

    • @jenala3896
      @jenala3896 Місяць тому +5

      she has pays them but they turn their back on final time

    • @phanhuyduc2395
      @phanhuyduc2395 Місяць тому +3

      She paid the right person. Unfortunately that person's faction recently defeated in the power struggle inside the Communist Party and she became the official Sacrificial lamb aftermath

  • @studburna
    @studburna Місяць тому +10

    I studied Urban Planning in VGU and we always talked about the real estate bubble in VN that is about to explode; now we see the cause...

  • @Veronica.A.
    @Veronica.A. 7 днів тому +1

    $1 million makes your life comfortable in the US, $1 billion super duper comfortable. But $12.5 billions?!!!!😮

  • @hadror13
    @hadror13 Місяць тому +15

    I'm betting she was set up and is a scapegoat for more powerful men

    • @user-rg7um1yk1h
      @user-rg7um1yk1h Місяць тому +1

      You are very intelligent to see through it.

  • @logiclust
    @logiclust Місяць тому +160

    business and corruption are the same until you piss someone off.

    • @prettypuff1
      @prettypuff1 Місяць тому +8

      Honest facts

    • @lancecahill5486
      @lancecahill5486 Місяць тому +8

      More precisely, when you piss off the wrong people.

  • @JesusLovesYou9999
    @JesusLovesYou9999 Місяць тому +32

    In the West this woman would be considered a titan of finance .

    • @rangoman1815
      @rangoman1815 28 днів тому

      Like Joe Biden

    • @panzerkunsth
      @panzerkunsth 28 днів тому +1

      in France she would be part of the gouv.

    • @Watermeloncat237
      @Watermeloncat237 28 днів тому +1

      In india there was guy called Harshad Mehta he frauded millions of dollars from banks but he is called "the big bull of indian stock market"

    • @panzerkunsth
      @panzerkunsth 28 днів тому +2

      @@Watermeloncat237 Well in France, there was a french minister who sold a big France company who was strategically very important for the country civil Nuclear industry to an other country against France interests. Not so long ago he would be trial for high treason against the country which is why he is now our current "President" or provincial governor of Europe/USA.

    • @JesusLovesYou9999
      @JesusLovesYou9999 28 днів тому

      @@panzerkunsth No doubt

  • @1084kmp
    @1084kmp Місяць тому +23

    The woman is a legend. She just made use of the existing system to her benefit. Its not her fault that the system has always been corrupt in Vietnam.

  • @ps-co3ip
    @ps-co3ip Місяць тому +159

    The reason why she is so calm is probably cos she knows she can bribe her way out of the death sentence. The commentator also said she has moved past multiple prior convictions as well.

    • @yomismo6969
      @yomismo6969 Місяць тому +12

      She is calm because she has 12.5 billions reason to be spare.

    • @Teffi_Club
      @Teffi_Club Місяць тому +18

      She didn't look calm to me. Fidgeting and constantly looking around.

    • @ExVeritateLibertas
      @ExVeritateLibertas Місяць тому +3

      Also the footage could be from a prior hearing and not the one where she was sentenced. Definitely I agree she doesn't look like she just got a death sentence.

    • @Andyxxx2006
      @Andyxxx2006 Місяць тому +16

      The man they're interview wasn't even living in Vietnam and had no idea what is this case about.... He just doesn't like communism country and talking trash about the government.

    • @happymunchkin2812
      @happymunchkin2812 Місяць тому

      I don’t think so. She’s calmed because she knows is the end of her life and nothing she can do about it.

  • @musicful7036
    @musicful7036 Місяць тому +256

    The Guest didn't answer the question "how did she steal the money", but trying to push his narrative all over the place. She withdrew the regular people's life savings using fraud, proxies. Basically she built her own banks and stole money from the people, depositors, bondholders 42,000 victims and their families impacted, suffered severely.

    • @GorgieClarissa
      @GorgieClarissa Місяць тому +23

      Ooooh this explains it way better. Didn't realize she built her own banks.

    • @subrotoxing8214
      @subrotoxing8214 Місяць тому +21

      It's not that far-off. because the technicalities is not important here, it's not too sophisticated. People notice their savings gone and businesspeople can't get funds in due time, she stole people's funds. it's not as if her method is very sophisticated people don't notice. there are more sophisticated long running scams that hasn't blown over you'd be dying to know how they pulled it off.. i.e amway. The biggest culprit is indeed as he pointed out how did she get away with fraud in broad daylight. because she got help from above.

    • @ktp20101
      @ktp20101 Місяць тому +14

      ​@subrotoxing8214 exactly! She wasn't alone in this scam! Many many powerful people were in with her!

    • @lemonhaze1506
      @lemonhaze1506 Місяць тому +13

      @@subrotoxing8214 If you think her network of shell companies and bank transactions emoluments is not sophisticated then idk what to tell you, it's complex financial engineering with a sprinkle of political relationships. Calling this scheme not sophisticated is like calling Enron child's play

    • @lancecahill5486
      @lancecahill5486 Місяць тому +15

      @@GorgieClarissaI read from other sources that she combined 3 small banks into one big bank, which she had control over 90% of it.

  • @Jeprox_Gaming
    @Jeprox_Gaming Місяць тому +12

    Here in Philippines like her will be honored as hero, corruption her is like superhero. People will still love you 😂😂😂

  • @LinhLe-cq4sg
    @LinhLe-cq4sg Місяць тому +1

    Thanks Awesome 👍

  • @katiehale4411
    @katiehale4411 Місяць тому +12

    Thank you. This is the first broadcast that explains the situation that I could understand.

  • @teoengchin
    @teoengchin Місяць тому +177

    To summarize what i read from her Wikipedia: She robbed the bank by owning it

    • @Ck-vs8pc
      @Ck-vs8pc Місяць тому +5

      This make sense..

    • @michaelandrews4783
      @michaelandrews4783 Місяць тому +23

      Sounds like every banker

    • @user-qf7ud5de9h
      @user-qf7ud5de9h Місяць тому +2

      Just imagine if you were related to someone like that?

    • @JhonderJose1
      @JhonderJose1 Місяць тому +8

      So she was taking out her money from her bank? 🤣

    • @KhanhPham-ns1od
      @KhanhPham-ns1od Місяць тому +14

      She and her acquaintance together bought more than 90% of the bank's shares, so she almost owned it

  • @MichelleT-so4we
    @MichelleT-so4we Місяць тому +4

    Wouldn't it be KIND if the recovered money went for helping the poorest Vietnamese with food, clothing, and shelter? Education

  • @mikewinburn
    @mikewinburn Місяць тому +3

    What fantastic coverage and a throughly professional interview.
    So refreshing.
    I almost ashamed to say the US national stations (FOX, CNN, MSMBC…etc.) can’t seem to give an unbiased presentation of facts if the business depended on it. (Of course, given the state of our society these days, seems their business depends on partisan presentations….)
    Thanks DW for doing it right!

    • @dragonsboon2316
      @dragonsboon2316 5 днів тому +1

      So true they just asked relevant questions to a knowledgeable guest. No political commentary, no rage baiting. This is who reporting supposed to be

  • @CIS101
    @CIS101 Місяць тому +41

    The anchor is 100% correct - this should be made into a movie. This was a great report especially for people like myself who know nothing of modern day Vietnam.

    • @stephanieallangarman5598
      @stephanieallangarman5598 Місяць тому

      I’ve watched some amazing Asian Dramas and the women and men can be seriously conniving but this is the real deal. This type of sentencing should happen everywhere. Politicians, Leaders and wickedly ambitious should receive their just due but that’s my opinion. This definitely impacted their economy.

    • @irina_vhmc
      @irina_vhmc 26 днів тому

      This is not a representation of modern day Vietnam.

  • @jondavis2206
    @jondavis2206 Місяць тому +183

    Imagine if corruption in the USA was treated like this.

    • @pradeepasivakumar1682
      @pradeepasivakumar1682 Місяць тому +15

      India too

    • @jasonsmith1143
      @jasonsmith1143 Місяць тому

      99% criminals walk FREE in USA

    • @ribos2762
      @ribos2762 Місяць тому +15

      Treated like this? Killing the scapegoat?

    • @user-dx8ni9ve8m
      @user-dx8ni9ve8m Місяць тому

      Hilary Clinton should be in jail for long long long time ago

    • @jeffdunnell6693
      @jeffdunnell6693 Місяць тому

      Get your head out of the sand,our government is worse,who do you think they got to imitate their government

  • @chantrau57
    @chantrau57 Місяць тому +4

    She didn’t get much mostly goes to commy secretary, prime minister, president of parliament, minister of the police. Vietnamese peoples call them for the 4 mountains.

  • @tutyathiyam2198
    @tutyathiyam2198 Місяць тому +55

    When the right people didn't get paid

    • @hypothalapotamus5293
      @hypothalapotamus5293 Місяць тому +4

      "You can pay off all the right people some of the time and some of the right people all of the time, but not all of the right people all of the time."
      -Abraham Lincoln
      In this case, she paid of the right people for a while, but then they stopped being the right people.

  • @afierosycollins3838
    @afierosycollins3838 Місяць тому +12

    i am so proud that, she is the only Vietnamese person who shocked the whole world at a diff level.

  • @lutando4092
    @lutando4092 Місяць тому +4

    There they don't like competitions. Here in US we gave only 5 years.

  • @alfonsocantu9992
    @alfonsocantu9992 Місяць тому +3

    It's the people in the government that didn't get paid off that wanting Truong My Lan Death but they will turn Vietnam into another Cuba,cause they are so smart and righteous...yours very truly Alfonso Cantu USMC

  • @_rob_.
    @_rob_. Місяць тому +9

    Thanks Professor.

  • @nadeeshadissanayaka2015
    @nadeeshadissanayaka2015 Місяць тому +43

    In our country she would have become our PM or President in the Parliament

  • @ruthmaloney4378
    @ruthmaloney4378 25 днів тому +1

    Can confirm. I have a business in Vietnam. It is close to impossible to not break the law. The tax system is a nightmare!!

  • @Germany._.Kit77
    @Germany._.Kit77 Місяць тому +2

    We should have that court here too😢

  • @headoverheels88
    @headoverheels88 Місяць тому +42

    3% is *wild*. To put into context, the US's military budget is ~3.5% of our GDP. 😭

    • @lancecahill5486
      @lancecahill5486 Місяць тому

      The level of corruption in our government is probably comparable.

    • @MusicalMemeology
      @MusicalMemeology Місяць тому +1

      The debt payments on government debt is already more than the military budget.

    • @schloops8473
      @schloops8473 Місяць тому

      @@MusicalMemeology yah but the money goes to people born rich so the dem and repub party are fine with that

    • @thunkjunk
      @thunkjunk Місяць тому

      Where is the context between Vietnam's economy and the USA's economy?

  • @Teh-Penguin
    @Teh-Penguin Місяць тому +6

    I like this interviewer. He seems to be always so curious and attentive.

  • @inlander311
    @inlander311 Місяць тому +2

    Indonesia got many similiar cases like this with varied amount

  • @god563616
    @god563616 Місяць тому +1

    OMGosh! Death is really excessive! She's only in her 30's. Have mercy! She was not the only one!!

    • @chaubui9122
      @chaubui9122 Місяць тому

      Hello, she is approaching 70 years old.

  • @shinji1264
    @shinji1264 Місяць тому +14

    People die over 5$ in the ghetto, 12 billion dollars would exterminate more than just your family tree. Heck they'd probably get you in the after life too.

  • @nathanspreitzer6738
    @nathanspreitzer6738 Місяць тому +24

    Closer to 3% of GDP but yeah it’s a lot of money

  • @antvn222
    @antvn222 Місяць тому +39

    SHE IS NOT ALONE, people in powerful positions allowed her to do this.

    • @abcdefkkk123aa
      @abcdefkkk123aa Місяць тому

      Bị bắt 4 án chung thân và 180 năm tù cho 76 người khác. Hãy tìm hiểu đừng suy đoán tào lao

    • @nguyenn99527
      @nguyenn99527 Місяць тому

      that’s why the president resigned because bribery was a problem

  • @christinecane12
    @christinecane12 28 днів тому +2

    So why don't they sentenced those who helped her or who she bribed?

  • @pablolee5679
    @pablolee5679 25 днів тому +1

    She seems not too worried. She still believes she can get away with this.

  • @matthewraven8859
    @matthewraven8859 Місяць тому +32

    Since 1971, $50 trillion moved from the 99% to the 1% in the USA.

  • @lancecahill5486
    @lancecahill5486 Місяць тому +20

    Somebody in Hollywood probably already bought the rights to this story, so it’s coming soon to a theater near you!

  • @nguyenthaihoang2245
    @nguyenthaihoang2245 21 день тому +1

    many very important persons involving in this case have long gone to other countries like US and will never be responsible for what is lost.
    the whole system from government and banking sector has enable this catastrophe to be materialized

  • @topwonder3909
    @topwonder3909 22 дні тому +2

    I'm from Vietnam, she cheated a huge amount of money, more than 600 trillion Vietnamese dong equivalent to 44 billion dollars, and was eventually sentenced to death, 3 life sentences, and many other convictions....she has a lot of buildings in Vietnam, between several buildings up to several billion dollars and a series of other real estate, she is Vietnamese but originally from Chinese

  • @bobjackson4720
    @bobjackson4720 Місяць тому +23

    Why on earth does a person need 12.5 billion? How could you spend it?

    • @thehumancanary131
      @thehumancanary131 Місяць тому +2

      Couple of nights out with some toyboys....soon goes...😂

    • @wavemaker2077
      @wavemaker2077 Місяць тому +6

      She didn't pocket all those money. There are probably hundreds of them dividing the loot. She may not even be pocketing the biggest amount of money. She may just be a front of a senior political leader in Vietnam who is the real mastermind.

    • @KC-hl3mh
      @KC-hl3mh Місяць тому

      ​@wavemaker2077 What about others who are not charged or brought to justice? She can't be solely responsible for this crime.

    • @9Mountains9
      @9Mountains9 Місяць тому +2

      Her family and friends are set for life

    • @wavemaker2077
      @wavemaker2077 Місяць тому +1

      @@KC-hl3mh That's the question. Why is she the only one charged? Surprisingly, the Vietnamese people are not complaining.

  • @josepanicucci8591
    @josepanicucci8591 Місяць тому +29

    Unfortunately she's in Vietnam In the Philippines death penalty was abolished & no corrupt billionaires in PH jails

    • @wavemaker2077
      @wavemaker2077 Місяць тому +1

      Well, the billionaire tycoons didn't steal the government money. They have their own businesses. They can be accused of tax evasion but not stealing the government's money. This Vietnamese lady stole the money of the government.

    • @saka6240
      @saka6240 Місяць тому

      @@wavemaker2077 also in Indonesia no detah penalty for corruptors, but only for significant drug dealers

    • @josepanicucci8591
      @josepanicucci8591 Місяць тому

      @@wavemaker2077 Well, no corrupt billionaire politicians in PH ? No stealing of the governments money in PH ?

    • @josepanicucci8591
      @josepanicucci8591 Місяць тому +1

      @@wavemaker2077 So no rich billionaire politicians in PH who stole gov. money? Amazing !!!

    • @wavemaker2077
      @wavemaker2077 Місяць тому +1

      @@josepanicucci8591 You said tycoons. Can you name the tycoons in the Philippines?

  • @deimos78
    @deimos78 Місяць тому +2

    She doesn’t look too worried over the death sentence. With her money she will probably overturn the conviction.

  • @considerthis7712
    @considerthis7712 Місяць тому +5

    I think one jealous official who wanted payments did not get it, blew the whistle.

  • @Wulfieman
    @Wulfieman Місяць тому +115

    Both the professor and DW are making a huge mistake, those 12.5 billion dollars isn't 10% of Vietnam's GDP, but rather 3.47% of its GDP, seeing that Vietnam had a forecasted GDP of 433.37 billion dollars in 2023 according to the IMF. Don't get me wrong, 12.5 billion dollars is still A LOT of money, but it still is a far cry from being 10% of a countries total GDP.

    • @oceanecastelnau9821
      @oceanecastelnau9821 Місяць тому +11

      Thank you for the clarification

    • @zapfanzapfan
      @zapfanzapfan Місяць тому

      So a US equivalent would be stealing a trillion, like the cost of the F-35...

    • @budgetarms
      @budgetarms Місяць тому +14

      It's 17 times more than in the 1MDB scandal from Malaysia

    • @mpn984
      @mpn984 Місяць тому +31

      I believe there were some sources that mention she managed to steal 44B over 11 years but they could only get her for 12.5B….so probably some clarification needed, but in that case that would make sense as to the 10% but the amount she was charged for would put it at 3%

    • @zapfanzapfan
      @zapfanzapfan Місяць тому +9

      The US equivalent would be a trillion. Like the budget for the F35...

  • @limta74
    @limta74 Місяць тому +20

    I wonder why she didn't do what Jho Low did, run away, hide, and live in luxury.

    • @VanceHelw
      @VanceHelw Місяць тому

      She was caught trying to flee the country, in disguise, to look like a low-middle class citizen.

    • @kimhuong1583
      @kimhuong1583 Місяць тому +6

      she tried but failed.

    • @LittleMew133
      @LittleMew133 Місяць тому

      I think Vietnam has international laws pact with US, Canada, Australia, etc? So she gotta go somewhere real out of the way.

    • @DanhNguyen-1905
      @DanhNguyen-1905 Місяць тому +1

      Once you have a lot of money, you always want to be the richest person in the country

    • @josepanicucci8591
      @josepanicucci8591 Місяць тому

      ​@@DanhNguyen-1905 She should have considered immigrating to the Philippines In the Philippines death penalty was abolished & no corrupt billionaires in PH jails

  • @Tiaimo
    @Tiaimo 29 днів тому +2

    If you loan too much, it's bank problem. If you own that bank, it's government and official problem.

  • @khanh604
    @khanh604 Місяць тому +2

    GDP of Vietnam in 2022 is about $400billion.
    This guy is BS.

  • @Laura75052
    @Laura75052 Місяць тому +8

    Well explained!!!!

  • @zatoichison6420
    @zatoichison6420 Місяць тому +26

    The love for money is the root of all evil , no matter what language or country that person is.

    • @anniehuynh362
      @anniehuynh362 Місяць тому

      Love this statement from the Bible. Thanks for repeating it.

    • @havenht
      @havenht Місяць тому +3

      not money, but greed is the root. if you go even deeper, it may just be mental illness is the root.

    • @TrinhNguyen-sh4fj
      @TrinhNguyen-sh4fj 29 днів тому

      @@havenhtYup it is the greed for the money.

  • @perfectbreakfast
    @perfectbreakfast Місяць тому

    I want to hear more about how the laws are structured. The part that he touched on when the video ended

  • @nhanhuynh1993
    @nhanhuynh1993 28 днів тому +1

    From the view of business world in vietnam society and politics context, i know that’s illegal, but think of handling with that amount of money in the whole situation, omg, not kidding. She is extremely good. I wonder what is in her mind tbh

  • @okman9684
    @okman9684 Місяць тому +16

    Finally women getting equal representation in Fraud and Corruption. The world is really progressing ☺

  • @fangslaughter1198
    @fangslaughter1198 Місяць тому +8

    Excellent

  • @greatveemon2
    @greatveemon2 Місяць тому +28

    That's is the first time I hear someone sentenced to death by fraud. I guess it's only Vietnam?

    • @collenmaunganidze3531
      @collenmaunganidze3531 27 днів тому +7

      Why is she the only one getting the death penalty if she didn’t do it alone?

    • @d_ling28
      @d_ling28 27 днів тому +2

      ​@@collenmaunganidze3531 she organised the whole thing and knows where all the money's at, a few of the members got life sentences tho mainly because of accepting bribes and corruption that allowed this to happen. Like the man said in the video they're giving her a harsh punishment so that she'll be more inclined to tell them where all the money is hidden

    • @gosthist
      @gosthist 25 днів тому +2

      China. N. Corea , Cuba

    • @tinnguyen4458
      @tinnguyen4458 12 днів тому

      @@collenmaunganidze3531 Isn't that enough for you that she is the leader of things?

  • @ThienNguyen-wh1fz
    @ThienNguyen-wh1fz 25 днів тому +2

    Pretty sure her kids living a comfortable luxury life in US with the stolen money.

  • @JoeyBlogs007
    @JoeyBlogs007 Місяць тому +10

    As the professor alluded to, virtually the whole system is corrupt and the laws are vague, so it's near impossible to do business in Vietnam without breaking the law.

    • @outdoor75
      @outdoor75 Місяць тому +2

      This is correct having run a business there for several years I can attest to how vague the laws and regulations were. One year always before TET (Vietnamese new year), officials come round the businesses in all districts (we were in Q7 HCMC) and they look for things to fine you on. You can either pay the fine or pay the bribe. The bribe is always cheaper than the fine so obviously you pay the bribe, which once done will happen every year. Unless throughout the year you are giving gifts to the officials, then you won't have such problems before TET. One year we got fined for having English signs on our entry door placed above the Vietnamese signage. We were told all Vietnamese signs need to be above any signs of another language. It was a new one to us after not being told this for 5 years of our signs being like this. Similar with ever changing import duties based on what the customs feel like on the day. Hence I no longer run a business there and won't be anytime soon.

    • @letrang1383
      @letrang1383 28 днів тому

      Yes, it’s right as what you said,

  • @lancecahill5486
    @lancecahill5486 Місяць тому +48

    In the meantime, the Big Guy enjoys his 10% without any problems.

    • @kaliforniaman
      @kaliforniaman Місяць тому

      OBIDEN?!?…is that you 😂🤣

  • @kd-1-9942
    @kd-1-9942 Місяць тому +1

    Should not be death sentence!

  • @user-ki7nq3bi3k
    @user-ki7nq3bi3k 17 днів тому +1

    She had been used the bank as a Ponzi tool. The Money didn’t pass to her pocket but also to the earlier loaners.

  • @KingKhan-123
    @KingKhan-123 Місяць тому +4

    This country will leap ahead.

  • @PtolemyJones
    @PtolemyJones Місяць тому +23

    Given the fact that she has been tried and is being punished, I kind of assume she didn't do it, seeing the really guilty oligarchs get punished seems so impossible in today's world.

    • @velvetmagnetta3074
      @velvetmagnetta3074 Місяць тому +18

      I suspect she did do it, however, why now? Why is she being prosecuted now, assuming she and many, many others have been doing this for years?
      Sometimes, a new corrupt official will charge the old corrupt officials to send a message there's a new Mafia boss in town.

    • @MrDosonhai
      @MrDosonhai Місяць тому

      @@velvetmagnetta3074 Factions within the Communist party are power struggling.

    • @chechnya
      @chechnya Місяць тому +1

      ​@@velvetmagnetta3074 Because Vietnam is going through changes, one of those changes is reducing/removing corruption. $12 billion is unforgivable

  • @casualkitty1381
    @casualkitty1381 Місяць тому +3

    $12.5 billion would buy a lot of bánh mì.

    • @ThuNguyen-lw8lr
      @ThuNguyen-lw8lr Місяць тому +1

      A buck per banh mi. VN can certainly serve food for the world within a day.

    • @thelou7742
      @thelou7742 8 днів тому

      Pho dat!😂😂😂

  • @jbi1839
    @jbi1839 28 днів тому +3

    Why these news not shown in us media news?

  • @thereporter3690
    @thereporter3690 Місяць тому +34

    Officials took bribes and they are not convicted too? It’s not corruption, it’s a failure of every financial system in the world! Greed strikes again!

    • @SilverforceX
      @SilverforceX Місяць тому +4

      80 others are convicted, there's more, they are trying to get her to squeal.

    • @haquoctienalejandro
      @haquoctienalejandro Місяць тому +1

      many many officials are getting jailed, some even life sentences

    • @abcdefkkk123aa
      @abcdefkkk123aa Місяць тому

      4 quan chức bị án chung thân. Và 180 năm tù cho 76 người còn lại

  • @tT-id9bd
    @tT-id9bd Місяць тому +9

    I think both the interviewer and the interviewee have never or at least not in the past 20 years visited Vietnam. What they know about Vietnam is mainly through the internet 😊. As someone living in Vietnam, we fully support the court's decision to prosecute this offender. It is necessary to uphold the law.

  • @BumSheep
    @BumSheep Місяць тому +15

    Amateur hour ... Since 1971, $50 trillion moved from the 99% to the 1% in the USA.

  • @HelloKitty-pn1qs
    @HelloKitty-pn1qs Місяць тому +1

    Janet Napoles of the Phils. The difference is she is out in the open and no govt official was persecuted nor charged

  • @evielknievel4972
    @evielknievel4972 Місяць тому +4

    I see Netflix doing a series about this.😂

  • @Juventinos
    @Juventinos Місяць тому +7

    Can you imagine you get a face lift.. and one week later you're in jail?

  • @chosenone5536
    @chosenone5536 28 днів тому +1

    She stops giving 10% to the big guy.

  • @TienNguyen-ym5db
    @TienNguyen-ym5db Місяць тому +22

    The total amount of fraud amounted to 44 billion USD, equal to the total GDP of neighboring countries Laos and Cambodia combined. (2023) and about 10% of Vietnam's GDP (Vietnam's GDP in 2023 is 440 billion USD)

    • @nguyenn99527
      @nguyenn99527 Місяць тому +3

      I don’t think anyone asked and please don’t compare your country’s GDP to other countries because it’s childish

  • @MV-nt4bq
    @MV-nt4bq Місяць тому +9

    She could’ve took 2 billion or 3 and gotten away with it but stole over 40 billion dollars is just insanely over the top greedy. Can’t feel sorry for her.