Home East AsiaReal EstateVietnam reels from historic €11.4 billion corruption scandal – DW – 12/01/2023

Vietnam reels from historic €11.4 billion corruption scandal – DW – 12/01/2023

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Vietnam has been rocked by its largest corruption scandal to date after authorities last month arrested a prominent real estate developer over allegedly embezzling nearly €11.4 billion ($12.4 billion), the equivalent of more than 3% of the country’s GDP.

In 2016, Vietnam’s governing Communist Party began conducting a sweeping anti-corruption campaign. Since then, it has brought down a national president and senior government ministers, but the scale of the alleged graft involved in the latest scandal it uncovered raised questions about…



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