A $12 billion financial fraud case highlights risks in Vietnam
Business Insider -

A mega-fraud case has rocked Vietnam, shining a spotlight on the emerging economy that is positioning itself as an alternative to China.On Thursday, Vietnamese real-estate tycoon Truong My Lan was sentenced to death for her role in a $12.5 billion fraud that took place over the course of a decade — which amounts to about 3% of the country's GDP. Prosecutors allege the damage from the fraud could reach $27 billion.Lan, the chairwoman of real-estate developer Van Thinh Phat Group, was arrested in...

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