Singapore’s Keppel and Vietnam’s tycoons: Inside Saigon Marina IFC Tower
The newly inaugurated tower has drawn in the country’s biggest business names, from an aviation tycoon to a disgraced property magnate
Add BT as a preferred source
[HO CHI MINH CITY] Overlooking the Saigon River in downtown Ho Chi Minh City, a shimmering new landmark was unveiled on Tuesday (Aug 19) – the Saigon Marina International Financial Centre (IFC) Tower – billed as the first anchor project in the country’s highly anticipated IFC zone.
Rising among the city’s three tallest skyscrapers, the tower has, at various stages, been linked to prominent local billionaires, including Truong My Lan, now jailed for masterminding the world’s largest bank fraud, and Nguyen Thi Phuong Thao, the VietJet Air billionaire founder currently tied to the project.
After a series of ownership changes, the firm behind the tower is now majority owned by Vietnam’s low-key “mysterious businesswoman” Le Thi Huyen Linh.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
