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☆ A Vietnamese tycoon is scrambling to raise $9B to avoid execution
▼ + stars: | 2024-12-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

AdvertisementVietnamese real estate tycoon Truong My Lan had her appeal against the death sentence rejected. Judges said her sentence may be reduced if she paid three-quarters of the $12 billion she embezzled. A Vietnamese real estate tycoon is desperately trying to raise $9 billion to avoid the death penalty after her bid to appeal the sentence was rejected on Tuesday. Advertisement"However, these require time and effort to sell, as many of the assets are real estate and take time to liquidate," Nguyen said. Lan's lawyers also said that the death sentence would make it harder for her to negotiate the best prices for her assets.

Persons: Truong, Lan, Van Thinh, Khac Giang, – Yusof, Vietnam aren't, she's, Nguyen Huy Thiep, Nguyen, Eric Chu, Truong Hue Van Organizations: Saigon Commercial Bank, Vietnam Studies, Institute, BBC Locations: Saigon, Ho Chi Minh City, Vietnam, Truong Hue

☆ Luong Cuong: Vietnam appoints army general as new president after months of turmoil
▼ + stars: | 2024-10-21 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Hanoi, Vietnam AP —Vietnam elected Luong Cuong, a military general, as its new president on Monday, the fourth official to fill the largely ceremonial role in 18 months. The role of the general secretary is the most powerful position in Vietnam while the presidency is mostly ceremonial and involves meeting foreign dignitaries. Vietnam's Luong Cuong takes his oath as Vietnam's President during the autumn opening session at the National Assembly in Hanoi on October 21, 2024. When he became the new general secretary, he promised to maintain the anti-corruption fight. “The installation of Luong Cuong as president is yet another example of the expansion of Vietnam’s police state,” he said.

Persons: Luong Cuong, Lam, ” Cuong, Nguyen Phu Trong, Trong, Nguyen Xuan Phuc, Thuong, Vuong Dinh, Dang Anh, Cuong, Nguyen Khac Giang, – Yusof, Luong, ”, Critics, Ben Swanton Organizations: Vietnam AP, National Assembly, Communist Party, Getty, Vietnam Studies, Institute, Communist Party Congress Locations: Hanoi, Vietnam, Vuong, AFP, Lam

☆ Vietnam’s president is confirmed as the new Communist Party chief — the country’s most powerful role
▼ + stars: | 2024-08-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

PHNOM PENH, Cambodia — Vietnamese President To Lam was confirmed Saturday as the new chief of the Communist Party after his predecessor died July 19. Lam will be the general secretary of the Communist Party of Vietnam, the country’s most powerful political role, state media said. The previous general secretary, Nguyen Phu Trong, dominated Vietnamese politics since he became party chief in 2011. He was elected to a third term as general secretary in 2021. Giang said the party will vote for the general secretary again in 2026, and Lam’s performance will be a factor.

Persons: Lam, Nguyen Phu Trong, ” Lam, Trong, Nguyen Khac Giang, – Yusof, Giang, ” Organizations: Communist Party, Communist Party of Vietnam, Ministry of Public Security, Vietnam Studies Locations: PHNOM PENH, Cambodia

☆ Death of Vietnam’s Top Leader Raises Questions of Succession
▼ + stars: | 2024-07-20 | by ( Richard C. Paddock | ) www.nytimes.com time to read: +1 min

With the death Friday of Vietnam’s long-serving Communist Party general secretary, Nguyen Phu Trong, the country’s top leadership role has been left at least temporarily to President To Lam, who is best known for implementing a sweeping anticorruption drive. Mr. Lam, 67, was named Thursday to take over the general secretary’s duties at the Politburo, the Party Central Committee and the Secretariat for an unspecified period. He will also continue as president, a largely ceremonial post for which he was chosen just two months ago. Whether he will retain the duties of general secretary on a more permanent basis depends on the Politburo, which is expected to decide whether to confirm his new role. “This has probably set the stage for To Lam to become the next general secretary,” said Nguyen Khac Giang, a visiting fellow at the ISEAS-Yusof Ishak Institute, a research organization in Singapore.

Persons: Nguyen Phu Trong, Lam, ”, Nguyen Khac Giang, won’t Organizations: Communist Party, Party Central Committee, Secretariat, Yusof, Institute Locations: Singapore

☆ Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +8 min

Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.

Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, “, Kim Jong, Nigel Gould, Davies, ”, Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington

☆ Vietnam and U.S. Forge Deeper Ties as Worries Rise About China
▼ + stars: | 2023-09-08 | by ( Sui-Lee Wee | More About Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

During his state visit to Vietnam on Sunday, Mr. Biden is expected to oversee the signing of a “comprehensive strategic partnership” with Hanoi, a symbolic but significant status long coveted by the United States. Vietnam has until now reserved this status for only four countries: China, Russia, India and South Korea. For years, it had resisted granting this distinction to the United States out of fear of offending China. But as Beijing continues to encroach on waters claimed by Vietnam and as the United States looks for more partners to counter China in the Indo-Pacific, the former enemies have found common ground. “Whenever they try to upgrade any significant bilateral relations, they normally tend to do it step by step because of the fear that it may cause some concern, especially from Beijing.”

Persons: Biden, ”, Nguyen Khac Giang, Yusof Organizations: Institute Locations: Vietnam, Washington, Hanoi, United States, China, Russia, India, South Korea, Beijing, Singapore

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