VietNamNet Bridge – Among organizations and individuals of Vietnam named in the Panama Papers are wellknown businesswoman Nguyen Thi Phuong Thao, Chair of Sovico Holdings (the parent firm of private airline VietJet), Vice chair of the HCM City Development Bank and Chairman of SSI Securities Company Nguyen Duy Hung. How did they explain this inclusion on the list? Thao is related to Ariana Hotels & Resort International, based in the Virgin Islands. Ariana Hotels & Resort International is also the former owner of Furama Resort – the property that was acquired by Thao's Sovico Holdings in 2005. Replying to local newspapers, Thao said: "We returned home to invest in Vietnam, acquired Furama Resort and these were normal operations. In 2005, we were an international company, which invest in Vietnam." "Sovico won the international bid to acquire capital contribution from all companies of the Lai Sun Group (Hong Kong) to become a foreign investor replacing the … [Read more...] about What do Vietnamese entrepreneurs named in the Panama Papers say?