30 Sep 2025 | 5 Mins Read
Vietnam Jails Ex-Saigon Jewelry CEO Over Gold Case
Flipitmoney
A Vietnam court sentenced former Saigon Jewelry Co. CEO Le Thuy Hang to 25 years in prison for embezzlement and abuse of power. Hang and 15 others were convicted of causing $4 million in losses by diverting state-supplied gold to private buyers at higher rates. The convictions come as Vietnam loosens its grip on gold trading with new market reforms.