Vietnam goes digital to slash paperwork in tycoon Truong My Lan case

Traditional methods might take 20 years to repay to over 43,000 victims

20250610 Truong My Lan

Truong My Lan, front row, center, attends a court hearing in Ho Chi Minh City in April 2024. The real estate tycoon was convicted in Vietnam's largest-ever financial fraud case. © AP

Nikkei staff writers

HANOI -- The authorities in Vietnam will use digital technology to deal with the country's largest financial fraud case, in which former property tycoon Truong My Lan was convicted in 2024.

The sheer volume of paperwork needed to compensate the 43,125 victims in the case means those who lost money might have been kept waiting 20 years, according to an official from the Ho Chi Minh City People's Committee, quoted by the Nguoi Lao Dong news website. The Ho Chi Minh City People's Committee is the formal name of the city government.

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