Imagine owning a house in Vietnam; you thought it would be safe and become your new home. However, it turns out it got involved in a scam between a real estate company and the developer. Now, you may be wondering what will happen to your property. Will you keep it or will you lose it?

A few weeks ago, the Editor-in-Chief of Thanh Nien newspaper, one of Vietnam’s most esteemed newspapers, found himself behind bars. He implicated in a scandal that allegedly siphoned assets from the state through murky real estate dealings. Yes, the Vietnam’s real estate drama is continuing and getting worse! But how bad is it?

Why this a pivotal moment that exposes the underbelly of Vietnam’s real estate sector? And why it should matters to you?

The History of This Newspaper in Vietnam

Thanh Niên, meaning “Young People’s Newspaper” in Vietnamese, stands as a prominent pillar of media within Vietnam. Particularly in the bustling city of Ho Chi Minh in 21st June, 1926.

Fast forward to 2009, Thanh Niên secured its position as the second most circulated newspaper in Vietnam, showing an impressive average circulation of 300,000 copies.

Check out this video as Lawyer Ken Duong delves deeper into the arrest and provides the answer to the question: Should you invest in Vietnam’s real estate?