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In the context of today's global economic integration, the financial turmoil and the competition between real estate giants have become the focus of attention. Vietnam's Truong My Lan's financial empire and China's Evergrande Group represent the two giants of their respective countries' economies. Although they are geographically separated, the influence of both in the financial and real estate sectors should not be underestimated.
Zhang Meilan, 67, as the founder of VTP Group in Vietnam, is not only the fourth generation of Chinese in Vietnam, but also the pride of her ancestral home in Haojiang District, Shantou, Guangdong, China. Her wealth empire spanned a wide range of sectors, including catering, hospitality, and real estate, and was once an important pillar of Vietnam's economy. However, it is such a prominent figure in the financial world who is deeply involved in the biggest financial case in Vietnam's history. The amount involved is as high as 12 billion US dollars, accounting for about one-fortieth of Vietnam's GDP, a figure that can shock the world.
(Below: Zhang Meilan in the past)
At the same time, China's Evergrande Group has also made a lot of waves in the real estate industry. Evergrande Group, as one of the largest real estate developers in China, has a significant market value of 2.3 trillion yuan in the world. However, compared with the glory of Evergrande Group, Zhang Meilan's ending is a little bleak. Although Zhang Meilan was involved in a huge amount of money, the final penalty was only a fine of 47 million yuan and a lifetime ban from the securities market, which is in stark contrast to the strict supervision and scrutiny that Evergrande Group has received.
So, why is there such a huge disparity between Zhang Meilan and Evergrande Group's status in the financial and real estate fields, but the final outcome is very different? What are the reasons and stories behind this?
First of all, from the perspective of the regulatory systems of the two countries, Vietnam's financial regulatory system may still have certain loopholes and deficiencies compared with China's. To a certain extent, this provides an opportunity for the rise of financial crocodiles such as Zhang Meilan. In China, with the continuous improvement and strictness of the regulatory system, real estate giants like Evergrande Group are also facing increasing challenges and pressures.
Secondly, from a personal point of view, Zhang Meilan and Xu Jiayin, the helmsman of Evergrande Group, also have obvious differences in business philosophy and risk control. Zhang Meilan may have been too aggressive in the process of expansion, ignoring the existence of risks, resulting in the end of the financial quagmire. Xu Jiayin, on the other hand, paid more attention to sound operation and risk control, which enabled Evergrande Group to respond quickly in the face of crises and avoid greater losses.
Finally, from the perspective of social background and cultural traditions, Vietnam and China have also formed their own unique models and paths in the process of economic development. To a certain extent, these differences have also affected the development trajectory and destiny of enterprises in the financial and real estate fields of the two countries.
To sum up, the contest between Zhang Meilan's financial empire and Evergrande Group is not only a contest between a transnational financial turmoil and a real estate giant, but also a contest of regulatory systems, business philosophy and social and cultural background. In this contest, we have seen the different fates and development trajectories of enterprises in the financial and real estate fields of the two countries. At the same time, this also provides us with valuable experience and lessons: in the process of pursuing economic development, we must always be vigilant and sober-minded, pay attention to risk control and steady operation, in order to be invincible in the fierce market competition