It is certainly not easy to start the rapid growth of an economy. To ensure its healthy and stable growth, and continue to grow, is the work of the road to know the horsepower!
Text |Sea passengers
Vietnam's richest woman, Zhang Meilan, founder of real estate company VTP Group, was suspected of bribery and fraud, and the trial began on March 5. According to a report by the Global Times Comprehensive Vietnam News Agency, "*", the 67-year-old may face the death penalty! 
Zhang Meilan (center) is in danger of facing the death penalty1
What's going on? According to relevant reports, the case involved nearly 90 defendants, including Zhang Meilan herself, who were accused of participating in the embezzlement of $12 billion. If the facts are conclusively confirmed, "it could become one of the biggest financial fraud cases in Asia". Uncle Hai wants to say that the previous "biggest" is the case of Malaysia's sovereign wealth **1Malaysia Development Corporation (1MDB), which involved about US$4.5 billion. It can be seen that the funds involved in Zhang Meilan's case are more than double and nearly twice as much. It's staggering. The case has been going on for some time. As early as October 8, 2022, Zhang Meilan was arrested by Vietnam**. The Supreme People's Procuratorate of Vietnam prosecuted the people involved in the case on a number of charges such as "** property crime", "* crime" and "abuse of power in the performance of official duties". Among these people are former public officials of Saigon Commercial Joint Stock Bank, State Bank of Vietnam, General Inspectorate of Vietnam**, National Audit Office of Vietnam and other related personnel. Of course, among the data released by the Vietnamese prosecutor, the most impressive thing is still the incriminating evidence of Zhang Meilan herself
After the arrest of Truong My Lan in Vietnam, the State Bank of Vietnam advised depositors not to withdraw money early from Saigon Commercial Bank (SCB), falsified 916 loan information, and defrauded Saigon Commercial Joint Stock Bank of 304 trillion VND (about US$12 billion) in total. It has been disclosed that the interest on this amount has so far been at least 1294 trillion VND. Although after Truong My Lan** in October 2022, Saigon Commercial Joint Stock Bank announced at a relatively fast pace that Ms. Truong My Lan would no longer serve as a director and executive officer of the bank, and advised Vietnam** not to exaggerate information to avoid panic, the Vietnamese people saw that the figure of 304 trillion VND has exceeded the market value of most commercial banks in Vietnam and reached 3% of Vietnam's GDP in 2022. It would be strange if the Vietnamese people did not panic in their hearts! At the time of Truong My Lan's arrest, not only were some banks run on the bank, but Vietnam was also ** for a time. There is no doubt that these are the normal reactions of an economy to corruption. Vietnam** has confirmed that there are as many as 4 victims in this case20,000 people. The massive fraud shocked the whole of Vietnam, triggering hundreds of events in Hanoi and Ho Chi Minh City. At the same time, it has also attracted the attention of Southeast Asian countries. 
Zhang Meilan's founder, VTP Group, faces legal sanctions in an office building in Ho Chi Minh City, and may even be sentenced to death, but not all those involved have been arrested. A total of 78 accused appeared before the Tribunal on 5 March, 8 of whom have absconded,** and international arrest warrants have been issued for the fugitives. As Uncle Hai saw, the report of the Yangcheng Evening News and the Yangcheng faction mentioned that among the fugitives in this case, two of them were Chinese nationals. "Up to 10 prosecutors and nearly 200 lawyers will be involved in the trial. **A total of 6 tonnes of documents were collated, packed in 104 boxes, with nearly 2,500 documents and 1 million notes. The lawsuit is expected to last until April 29, the longest trial in Vietnam's history. The report reads. There are also Hong Kong** reports that after the Zhang Meilan case, her husband Zhu Liji quickly sold properties in Hong Kong in a row. This includes hotels and luxury properties: for example, the Ridge House was reportedly sold for HK$300 million, the Profit Property Building in Central changed hands for HK$6.4 billion, and the Quarry Bay residential site was sold off**4HK$300 million, priced at 4 for a hotel in North PointHK$6.8 billion, etc. But it remains to be seen whether such a sell-off will be used to repay debts and whether it will save Zhang Meilan's life. 2
It is worth mentioning that shortly after the Zhang Mei Lan case, Nguyen Xuan Phuc, then the Vietnamese ***, resigned. You must know that at this time, it has only been more than a year since July 2021, when Nguyen Xuan Phuc was elected as the *** in Vietnam. And the term of office of Vietnam*** is five years. 
Nguyen Xuan Phuc Photo: At present, there is no evidence related to Nguyen Xuan Phuc's involvement in the Zhang Mei Lan case. But there is one thing that needs to be noted: Nguyen Xuan Phuc, who was born in Quai Phu Township, Guishan County, Quang Nam Province, Vietnam, is known as a leading figure of the "Southern School" in Vietnam. Its political roots, or main supporters, are mostly from Ho Chi Minh City in the south. On the occasion of his sudden resignation from his post in Vietnam, there were comments that the "southern faction" in Vietnam was suppressed by the "northern faction" led by Nguyen Phu Trong, the general secretary of the Communist Party of Vietnam. Of course, judging from the current information from the Vietnamese public security system, the facts of Zhang Meilan's violations and crimes are clear, and it is not just because she has a deep intersection with Nguyen Xuan Phuc that she was arrested. To say that Truong My Lan was a victim of the struggle between the northern and southern factions of the Viet Cong is indeed a bit far-fetched. However, the reason for Nguyen Xuan Phuc's resignation is related to the corruption of his subordinates. Vietnam's former Deputy Prime Minister Pham Binh Minh and former Deputy Prime Minister Vu Duc Thanh were ousted for reasons directly related to corruption! 3
After Zhang Meilan**, the relevant Vietnamese authorities announced her portrait of Zhang Meilan, whose ancestral home is Zhang Meilan in Shantou, Guangdong, China, and the VTP Group she founded covers real estate, transportation infrastructure and so on. After that, it was not until the Central Bank of Vietnam came forward to support that the Vietnamese capital market was more or less stabilized. A company has problems that put the economy at serious risk, which, in Uncle Hai's view, shows the fragility of Vietnam's economy. Before the reform and opening up, Vietnam experienced several successive wars, and the main battlefields were in Vietnam, which left Vietnam with a mess. On this basis, Vietnam's reform and opening up certainly led to its rapid economic development. The country is small, relatively rich in human resources, close to the sea, and close to China. These factors are the advantages of Vietnam's economic development. However, the ensuing corruption problem has undoubtedly made the Vietnamese center have to pay attention to it. General Secretary of the Communist Party of Vietnam Nguyen Phu Trong has repeatedly vowed to eradicate corruption. Since 2021, more than 4,400 people have been prosecuted in more than 1,700** cases in Vietnam. It can be seen that he believes that the problem of corruption is by no means an itch of scabies, but may affect the entire national economy of Vietnam at every turn. Let's see how Nguyen Phu Trong sorted out a more reasonable and healthy development path for Vietnam's economy through the Truong My Lan case. It is certainly not easy to start the rapid growth of an economy. To ensure its healthy and stable growth, and continue to grow, is the work of the road to know the horsepower!