Vietnam's TOP 2 BILLIONAIRE Sentenced to 21 Years in Prison!! (JUSTICE SERVED???)

[@Coyoteanimations]

Should foreigners invest in Vietnam? The short answer is no. And the long answer is NO. In VN, no one is above the law except the communist party. To be successful, you'd have to grease many "officials" only to see your success (and your freedom) be taken away by other "officials". Remember, if you become too influential (money and/or popularity) the party will cut you down because it benefits them in two ways: (1) get rid of a potential threat to their evil power and (2) "inherit" your wealth making them even stronger.

[@truongngo4786]

true, VN is corrupted

[@phoso1]

This is why they country will never be strong and respected. Corruption only feed one or 2 generation. In VN, there is only one law, JUNGLE LAW.

[@Huntermann0893]

let’s be real, the Vietnamese government, or should I say the communist regime, has "slaughtered the golden cows" they fattened up for their own gain. So, where's all that corruption money gone? Have the victims seen any compensation? Corruption runs deep from top to bottom, and the power battle is never-ending. Best of luck to the so-called "long-term smart investors."

[@mikengo2471]

Absolutely correct

[@Huntermann0893]

Đúng rồi, đi đêm với Việt Cộng là có ngày vô nhà đá, còn không thì mất hết tiền bạc

[@ellenringer5236]

I was a teacher at APAX. This school has not paid my salary and this has been going on for three years. They are still advertising for teachers. How do I get paid?

[@mrbHanoi]

@@ellenringer5236 no teachers should work for them

[@Chr1s808]

Just gotta accept your losses and move on also warn others.

[@trualways911]

When the Billionaire tries to bribe the politicians with $10,000 only.

[@christinemasonrealtor]

I always look forward to your videos. Your insights are so vital to those considering investing in Vietnam.

[@BinhTran-mj4di]

Bro don’t compare these guys to Elon Musk. Did you hear today Elon is worth over 200 billion dollars because the Dow Jones is over 41,000 points? Also, he is not in jail. Please compare apples to apples.

[@thangle7191]

What makes a attorney become a youtuber ?

[@duongglobalbusinessconsulting]

@BinhTran-mj4di, who is "Bro"? The comparison was never about net worth or who’s sitting in jail. It’s about wealth rankings within their respective countries. Trinh Van Quyet was one of Vietnam’s top billionaires, just as Elon Musk is in the U.S. We’re comparing their positions in their national economies, not their personal circumstances. And while Musk’s net worth has soared, it doesn’t change the fact that both dominated their business landscapes. It’s apples to apples when it comes to wealth rankings in their own countries.

[@duongglobalbusinessconsulting]

@thangle7191 We are not KZbinrs; we are attorneys and business consultants who happen to use KZbin as a platform to share insights and expertise. It’s about providing valuable information to those who need it, whether that’s navigating Vietnam’s business landscape or understanding complex legal matters. The goal is to inform and empower, not to be “KZbinrs.” We stick to what we do best-offering expert advice in our field.

[@phoso1]

To be super rich, you have to do some sort of illegal activity in VN. NO ONE becomes super rich without greasing a couple of government officials.

[@Tideo123]

some sort of illegal activity or to be a member of the group.

[@theyhateme8763]

not true at all

[@vietcongbuondanbannuocphan1791]

Not a couple, but the whole group

[@theyhateme8763]

@@Tideo123 try learning the laws

[@theyhateme8763]

@@Tideo123 try learning the laws

[@louiskats5116]

G'day Ken, Absolutely love it, justice served you would NOT get this justice in the west. In the WEST the system is designed to protect the wealth pure & simple. Great to see Vietnam improving its financial reputation great story. Cheers Louis Kats your number 1 Fan in Melbourne, Australia 🇦🇺 🇻🇳

[@chrisfreund509]

I like your videos, Ken.

[@duongglobalbusinessconsulting]

Glad you like them!

[@Buy725]

Love ❤️🙏🏾😘 for sharing all these news

[@ltts21]

thanks for your hard work

[@Bobatea266]

This man is not Elon Musk.

[@duongglobalbusinessconsulting]

duh

[@career5690]

@@duongglobalbusinessconsulting 😂😅

[@davinxi5926]

Trust me there are other Vietnamese billionaires or genius talents out there like a « bill gates « version out there, this is a mafia trying to pretend to be Steve Jobs or Jensen Huang lol. This guy is a straight up white collar criminal he ain’t no iron man Tony stark

[@kwokleongawyong1064]

Corruption cannot allowed to take root in a growing economy. Thailand in comparison cannot ever eradicate Corruption now once taken deep roots.

[@じある]

all these countries can learn from venezuela. it’s not impossible

[@mikeblevins327]

Thanks for the information......

[@richardly438]

This is the dangers of taking risks. if you flirt with danger or push boundaries, you may face negative consequences.

[@Huntermann0893]

The question is, where does the money taken from those crooks go? Is there any accountability for the money?

[@asiantownvideos]

better a millionaire in freedom than billionaire in jail, don't be too greedy

[@jamesnguyen7069]

Everyone has 200,000,000,000 in vnd 😂

[@boydr7160]

Focus camera. Great Video.

[@GeeGee19]

Hello from Miami Beach. I wish everyone spoke great English like you in Vietnam.

[@duongglobalbusinessconsulting]

Well, Attorney Ken's native language is English. No merit in there.

[@DoggieStyle-xo6vb]

It’s not even fluent English. Still broke English with an accent

[@duongglobalbusinessconsulting]

@DoggieStyle-xo6vb, well, at least, he can write two sentences without errors. Next time you comment on somebody else's ability to use a language, you need to make sure you can master it.

[@Huntermann0893]

​@@duongglobalbusinessconsultingyou can't take negative comments? My counter responses got deleted. So pathetic!

[@Huntermann0893]

​@@duongglobalbusinessconsultingYou don't need to be a great singer to criticize a singer for performing a bad song.

[@bill8406]

As you mentioned, how it these crimes related to FDI ?? Is there any FDI involved ?

[@vincentdu1961]

Short answer is NO!

[@ERRATAS0707]

I hope Vietnam will not be as evil as China once they got successful

[@joshandersons6914]

don't count on it, communists are the same

[@vnventure]

Vietnam learns from the Chinese communist how to operate everthing.

[@RickGifford28]

Communism is pure evil

[@ERRATAS0707]

@@Marco-w2l I hope not

[@peanut0brain]

Oh dear. How the f*** is China evil?!

[@tryolegend]

sold shares and not reported and have to serve a 21 year sentence? sounds excessive.

[@Sly2C]

Nope, they just want this grifter to cough up the $$$$$. The VCP needs the dough. It’s VN that how they roll.

[@tryolegend]

@@Sly2C its how the people in the govt getting all the dough if u are not the govt then tough luck. You are just their slaves

[@tryolegend]

@@Sly2C they dun need the money. They need to let people think holding on to the dong is worth something. The properties are worth something. If you put in money but you can’t get it out. Would an investor think it is worth it?

[@mrbHanoi]

Great Clean up the corruption. Merit over connections.

[@Asdfkalsdf]

Maybe whoever is cleaning up is even more corrupted.

[@mrbHanoi]

@@Asdfkalsdf That is a serious problem

[@truongngo4786]

just to retaliate the opposition

[@hextheripper]

I’m subscribed.

[@DansonSelleckToupeeCo]

Is good lesson for anyone thinking about doing an investment in Vietnam! the american man will end up in jail in vietnam for 21 year!

[@oceanwave4142]

Inflation is so much that now you need to be a millionaire to buy a house, billionaires can go to jail, now it’s the trillionaires and those who control fiat creation who can’t go.

[@son_o_day]

Can I get do rent to rent in VN? Also what are the legalities of HMO's in Vietnam? Can I do it?

[@peanut0brain]

Same in the ŰŠ dude, if you don't report before you sell then it's "insider trading"!

[@zeusconquers]

just buy from Vietnam dont setup shop in Vietnam got it.

[@macolet9711]

Vietnam is becoming a mini China. 😂

[@kennedy6618]

It means Vietnam will be a successful nation like China! ... What's wrong with that?

[@ERRATAS0707]

​@@kennedy6618Vietnam isn't harassing smaller countries like China. That's the difference.

[@havenht]

Not really, vietnam officials are too corrupted. Until they get that fix, they will never be like China.

[@peanut0brain]

Which country is China harassing?!

[@macolet9711]

@@peanut0brain are you du mb or id iot?

[@coolluke88]

jailed 21 yrs just for selling his company shares w/o informing the govt? isn't it a bit hash?

[@rogerdo1]

Was he not aware of the law or did the law change ?

[@cashcash5995]

No good laws in Vietnam , my Hmong people living in Vietnam can not get a good job because they do not have money to bride those high ranking officials.

[@drtruong66]

That dude was sentenced for 21 years in prison can get out in a week if he knows where put the dolls in the right mouths. Jungle laws, man!

[@joneskayann]

I have been banned and blocked from Facebook. (So much for freedom of speech in the U.S.) I really appreciate your KZbin videos. I've invested in some Dong, and I still believe that it will be a good investment.

[@Tideo123]

invested in some Dong.... is not a good choice. Ask any Viet they will tell you. Vietnam is an export oriented country therefore the dong value must be kept low to make it possible.

[@johnfoster2592]

Ban and block Facebook yourself. It's good for you.

[@benquach3127]

Invested in Dong, LOL. It's the 2nd weakest currency in the world; only the Iranian Rial is weaker. I invest in the strongest currency in the world; the US Dollar, in the form of US Treasuries @ 5% yield.

[@peanut0brain]

​@@benquach3127what makes the usd "strong"?!

[@Sly2C]

Zuckerberg still lacked the spine to stay erect against censorship.

[@lantu4199]

Never fall into the viet cong government's trap. Stay away from doung bussiness in vn.

[@alextrinh7708]

From the Lawyer Ken to become the Radio Ken 😅😅😅 how comes this happens ? . Việt Nam have their own radios many, enough . Why we need any more radio here 😅😅😅.

[@mpha315]

Elon Musk? U r kidding

[@duongglobalbusinessconsulting]

Isn't Elon Musk the #1 or #2 billionaire in the US?

[@mrbHanoi]

@@duongglobalbusinessconsulting #1 Soon Larry Ellison will pass Bezos

[@mpha315]

@@duongglobalbusinessconsulting Elon Musk = Paypal + Space X + Star Link + X + ...his 12 children. The number of satellites Elon Musk owns, just after US government. SpaceX's Polaris Dawn mission conducted the *first-ever private spacewalk* on Sept. 12, 2024.

[@duongglobalbusinessconsulting]

@mpha315, So? We appreciate the list, but our comparison has nothing to do with Elon Musk's companies, space missions, or even his personal life. The focus here is strictly on wealth rankings within their respective countries-Trinh Van Quyet being one of Vietnam’s top billionaires, just as Musk is in the U.S. It’s not about who has more satellites or children; it’s about their dominance in their business environments. Different playing fields, but the comparison holds when it comes to their influence within their own economies.

[@CanTho2022]

Vietnam version of Bernard Madoff or Sam Bankman. Both went to JAIL. How is this guy compared to Elon Miusk?? 😂😂😂

[@duongglobalbusinessconsulting]

Bernie Madoff is Truong My Lan, which we already discussed. Isn't Musk the richest or #2 at times in US? Then, if he is, this is guy is #2 and was #1 richest in Vietnam. Got the comparison now?

[@Joe.T.247]

Lol😂 u compare a great mind to a crook!

[@altran1125]

@@Joe.T.247 yea great mind that tells people to buy dogecoin than sell it.

[@upticktrade]

VinFast?

[@truongngo4786]

even more scary

[@Floof1248]

But his son escaped?

[@Chris-uh7nm]

Sometimes I wonder if you have access to privileged government information.

[@duongglobalbusinessconsulting]

No, everything we cover is available online. You can search it too.

[@davinxi5926]

I wonder the same. It’s who you know and the connections to the communiste state affairs

[@chuctran2255]

Elon? You can't compare this guy to Elon. He's more like a Trump except he didn't grease the right people. I like your videos... Keep up the great informational news of other issues with regard to how "normal people live". Thanks

[@Huntermann0893]

It sounds like this guy is kissing up to the Vietnamese government to stay afloat there. He’s calling for foreign investors who have fled because of the corruption.

[@duongglobalbusinessconsulting]

@huntermann2630 We understand why some may feel that way, but let us set the record straight. We are not here to "kiss up" to anyone-we provide a clear, factual analysis of the situation. Foreign investors are not fleeing; in fact, many see the recent crackdown as a necessary step to clean up fraud and make Vietnam an even better investment destination. What you see as fleeing is actually a recalibration, and smart investors recognize the long-term potential. The truth is, if Vietnam were collapsing under corruption, the government wouldn't be taking such drastic measures to clean it up. We invite you to take a step back and see the bigger picture. Facts over speculation.

[@Huntermann0893]

​@@duongglobalbusinessconsultingUsing "we" and "us" in your reply seems to imply you're a bit too cozy with the communist regime. If you're offended by that, well, that’s understandable. You can deny it however you like, of course. But let’s be real, the Vietnamese government, or should I say the communist regime, has "slaughtered the golden cows" they fattened up for their own gain. So, where's all that corruption money gone? Have the victims seen any compensation? Corruption runs deep from top to bottom, and the power battle is never-ending. Best of luck to the so-called "long-term smart investors." Oh, and while you're at it, maybe take some time to dig into the history of the "Việt Cộng" from different sources, it might help you see things a little more clearly.

[@duongglobalbusinessconsulting]

Not that your comment matters but let us be clear: using “we” and “us” is a matter of professionalism and credibility, as well as the fact that Attorney Ken is not replying (he couldn't care less), not allegiance. We are business and legal consultants, and our priority is delivering clear and accurate analysis to investors. The truth is, every country has its own political challenges, and Vietnam is no exception. Yes, fraud is a reality, but so is the government’s crackdown on it-which is exactly what we’re discussing. We don't deny the issues, we highlight them so smart investors can navigate the landscape with open eyes. And as for history lessons, we suggest you look at modern economics instead. Because in today’s world, it’s those who see the future-not just the past-who make the smartest moves. Best of luck.

[@Huntermann0893]

​@@duongglobalbusinessconsultingI couldn’t care less who Ken is or what your business is in Vietnam. One cannot have a future without understanding their past. I’m not suggesting that holding onto the past is beneficial, but by reflecting on it, you can better foresee what your future holds. Let's end it here.

[@duongglobalbusinessconsulting]

@Huntermann0893 Fair enough, but understanding the past is just one piece of the puzzle. We focus on the future because that’s where the opportunities lie. Reflecting on history is important, but it’s the forward-thinking strategies that drive success, especially in business. If you’re not looking ahead, you’ll miss what’s coming next. Appreciate the discussion, but we’ll keep focusing on what matters-preparing for the future.

[@mikepowell989]

COMRADE SALESMAN DUONG. YOU ARE WRONG AGAIN. IF YOU HAVE MONEY IN VIETNAM YOU WILL BE ABOVE THE LAW. THESE PEOPLE WILL GET AWAY WITH THEIR CRIMES ONCE THE DUST SETTLES. THEY WILL GET OUT OF PRISON AND YOU WILL NEVER HEAR ANYTHING ABOUT THEM AGAIN. YOU SHOULD SPEND MORE TIME IN YOUR NEW JOB AS A SALESMAN IN RENTAL PROPERTY AND REAL ESTATES. SINCE YOUR "LEGAL" BUSINESS IN CLOSING DUE TO LASK OF CUSTOMERS. UBER IS ALSO LOOKING FOR DRIVERS. YOU CAN BE GOOD WIH THAT.

[@madasinwat2]

100% they'll serve a year or 2 and be off to their holiday home in Da Nang or something....seafood buffets, tiger beers for the boys etc. Farce of a country...

[@proud4373]

Challenge the law by bringing 1 kg of illegal drugs to the country and see how it works 😂

[@VanHoang-uy4sv]

You are exactly right!

[@chautiendung]

Elon is an engineering not Ponzi schemes. If u compare money then not close at all. 😂

[@shrimboi8909]

That's the dif btw Communist Vietnam/ China vs America. Communist party will not tolerate competition for power. Oligarchs tend to acquired political influence thru briberies and compete with government for power. If goes unchecked oligarchs eventually run the government. This is how America is run. Oligarchs competing for control of US gov't.

[@naranja1972]

Yup just like south korea, and it’s not even a secret the giant family owned companies run that country

[@snoopcow]

Vingroup will be next.

[@nikkirosenbek5471]

Why? I have been driving a Vinfast VF8 Plus for 8 months, and it's as reliable as expected, safely getting me from point A to point B without breaking my bank. It's the one and only EV maker that offers the longest EV battery warranty of 10 years or 1 million miles, whichever comes first.

[@truongngo4786]

@@nikkirosenbek5471 they corrupted agricultural lands for super cheap price like 50$ for 1m2 then make real estates projects and sell price about 10k-50k/1sqm

[@mpha315]

⁠@@nikkirosenbek5471 will vinfast exist next 3 years?

[@nikkirosenbek5471]

@@mpha315 Vingroup has been founded since 1993, or 31 years to be exact. What do you think about Vinfast?

[@nikkirosenbek5471]

@@mpha315 Vingroup has been founded since 1993, or 31 years to be exact.

[@lbj4993]

I learned nothing in this video, only that some billionaire got caught for selling stock without blablablablablabla, oh and that this guy will make sure YOUR investment is safe and sound when you arrive with some green cash to throw into the casino...blablablablablablabla. Don't forget the house always wins...blablablabla

[@flyingriders631]

Just a mouthpiece?

[@duongglobalbusinessconsulting]

What do you mean?

[@CNT536]

This guy is not Vietnam's Elon Musk. Cringe

[@duongglobalbusinessconsulting]

@CNT536 The comparison holds. Just like Musk is at the top of the wealth rankings in the U.S., Trinh Van Quyet was one of the wealthiest individuals in Vietnam, consistently in the top tier of billionaires. It’s a matter of financial dominance within their respective countries. The numbers speak for themselves.

[@visittavee7773]

It so hot and you still wearing jackets?

[@duongglobalbusinessconsulting]

Tropical wool blazer.

[@JWnFlorida]

Thailand is viet-kryptonite.. even though Elon gave China great tech for free.. 🤣🤣🤣🤣🤣

[@peanut0brain]

Omfg. Really? China is developing all thanks to Elon musk? Crazy arse delusional opinion

[@jhnbtr]

Bro you repeat yourself constantly near the end

[@duongglobalbusinessconsulting]

@jhnbtr We appreciate your feedback, but repetition isn’t an accident-it’s a strategy. Repeating key points ensures they stick with the audience, especially in a complex topic like this one. When you’re dealing with big issues like billionaires, corruption, and the future of a country’s economy, it’s important the message gets across loud and clear. You’ll thank us for the clarity later.

[@HangNguyen-ih8rf]

Haha “Vietnam Elon Musk” what a bizarre comparison. And why on earth would any foreign business men want to invest in China lil brother? So they could make the Vietcong richer? 😂

[@duongglobalbusinessconsulting]

@HangNguyen-ih8rf , The comparison to Elon Musk was purely about wealth ranking and influence within the country, not about personal characteristics or political ties. As for investing in Vietnam, savvy foreign investors are seeing the opportunities beyond political labels. Vietnam has been a growing economic powerhouse in Southeast Asia, with significant investment opportunities for those who know how to navigate the market. It's not about making anyone richer-it's about capitalizing on smart business moves in a fast-growing economy. Let’s focus on facts, not outdated VK stereotypes.

[@HangNguyen-ih8rf]

@@duongglobalbusinessconsulting 😂 does anyone still use the word VK. I have not visit Vn for 33 years since i left as a child but growing up hearing my dad bashing the VK so i might be bias🤷‍♀️

[@duongglobalbusinessconsulting]

Yes. Everybody.

[@havenht]

Nah, by the end, all of them get a fine and they will go back doing what they do

[@allencoffland1685]

i think you mean second richest billionaire?

[@duongglobalbusinessconsulting]

That is a pleonasm, as one cannot be a poor billionaire. Thus, the title says it all.