Vietnam’s Business Queen ends – level 3

Vietnam s Business Queen ends

25-10-2024 07:00

Truong My Lan, a prominent Vietnamese businesswoman, was convicted of masterminding a large-scale fraud scheme involving over 12 billion dollars. She has been sentenced to death, but she is appealing.

Her case has shaken Vietnam’s business community and is part of a broader anti-corruption campaign led by the communist government. Lan built her wealth in the 1980s by investing in property and founding a leading real estate company. She manipulated bank ownership laws and created fake companies to embezzle vast amounts of money from Saigon Commercial Bank.

This case is also linked to Vietnam’s fast economic growth, which has received good and bad reactions. The anti-corruption campaign aims to attract foreign investment but has been criticized for targeting political opponents and slowing down government decisions. Despite these issues, Vietnam is still popular with foreign investors, but its future success depends on clearer rules and better management.

Difficult words: mastermind (to plan and direct a difficult activity), embezzle (to steal money from a company or organization), anti-corruption campaign (activities that prevent or lessen dishonest behavior by people in power).

You can watch the video news lower on this page.

What is the impact of Truong My Lan's case on Vietnam's business community and its relation to the broader anti-corruption campaign led by the communist government?

LEARN 3000 WORDS with NEWS IN LEVELS

News in Levels is designed to teach you 3000 words in English. Please follow the instructions
below.

How to improve your English with News in Levels: 

Test

  1. Do the test at Test Languages.
  2. Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.

Reading

  1. Read two news articles every day.
  2. Read the news articles from the day before and check if you remember all new words.

Listening

  1. Listen to the news from today and read the text at the same time.
  2. Listen to the news from today without reading the text.

Writing

  1. Answer the question under today’s news and write the answer in the comments.

Speaking

  1. Choose one person from the Skype section.
  2. Talk with this person. You can answer questions from Speak in Levels.

 

Stock images by Depositphotos