Hoping to change his life and get rich by investing in mutated orchids, Mr. Dang Van Cuong almost lost all of his more than 8 billion VND that he borrowed and mortgaged his assets.
After a period of quiet and drastically falling prices, the market for mutated orchids has recently heated up again with the reappearance of orchid pots being offered for sale at hundreds of millions of dong.
A 30-year-old man was admitted to a psychiatric hospital after attempting suicide by cutting his wrists due to stress from losing 20 billion VND in the rare orchid trading business.
Following requests from lawyers and the Procuratorate, the Trial Panel of the Thai Nguyen Provincial People's Court temporarily suspended the trial to summon additional participants in the proceedings.
Many former officials involved in the case of the "tycoon of mutated orchids" brothers who illegally exploited over 3 million tons of coal at the Minh Tien coal mine in Dai Tu, Thai Nguyen, are facing trial.
In tomorrow's trial, alongside the twin brothers Bui Huu Thanh and Bui Huu Giang and "crime boss" Chau Thi My Linh, several former officials from Thai Nguyen will also be present.
Orchids are special flowers in the natural world because of their diverse forms, including many unique varieties resembling monkey faces.
Bui Huu Thanh and Bui Huu Giang, along with a group of shareholders in Dong Bac Hai Duong Company, pocketed over 213 billion VND from the illegal mining of millions of tons of coal.
Once-famous orchid varieties like Snow White and Five-Petal White have faded into the past; orchids are now being sold for just a few hundred thousand dong per pot.
Over 10.000 stunning orchids are on display at a colorful flower festival in Thailand, an event open to the public free of charge from January 18 to 25.
Rare orchid varieties that were once worth tens of millions to tens of billions of dong are now being offered for sale at just tens of thousands of dong, leaving many people astonished.
Mutant orchids are now being sold by many people for just a few tens of thousands of dong per plant, and some even set up carts to sell them on the roadside.
For Truong Tan Loi, the "young owner" of Hai Beo orchid garden, his love for this pure and noble flower is eternal.
Trusting an acquaintance he met on social media, Mr. Nguyen Van B. lost nearly 2 billion VND buying fake mutated orchids.
In recent years, mutated plants have suddenly become an investment and a way to get rich. Many people boast about changing their lives for the better, but many others have also fallen into ruin.
Compared to their "golden age" in early 2020, the price of rare orchids has now plummeted by hundreds of times, leaving many heartbroken as their money becomes useless.
Although the price of mutated orchids has plummeted and they are no longer as shocking as before, few people know that collectors are still fiercely competing with each other, waiting for the market to heat up again.
Currently, the keyword "white begonia" has almost disappeared from the groups that previously buzzed with discussions about this plant.
White begonias are highly sought after, with many willing to pay very high prices to buy them. Plant enthusiasts are warning of signs of price manipulation targeting mutated orchid varieties.
With a special love for orchids and a keen business sense, Ms. Thao Hai has successfully built one of the most renowned orchid gardens in the Ha Nam region.
Phuc and his group, who specialized in buying and selling rare orchids, were caught red-handed by the police while renting a motel room to use drugs.
With his special love for orchids and keen business sense, Mr. Luong Van Long has successfully built one of the most renowned orchid gardens in Bac Giang province.
Located in Hoai Duc district, Hanoi, Vu Hanh Orchid Garden is certainly a familiar name to many orchid enthusiasts.
By choosing a systematic and serious approach, Mr. Do Tuan Anh has successfully built a solid foundation for his orchid garden business model.
Driven by his passion for ornamental plants, Mr. Hung has become deeply attached to orchids, considering them his closest companions. For him, orchids are his "spiritual children" and their value cannot be measured in material terms.
Driven by a special love for orchids, after much effort and perseverance, teacher Do Thi Hanh has built a garden that many people envy.
On the afternoon of October 25th, in Da Nang City, a 16-year-old wealthy boy traded a luxury car for a rare orchid, witnessed by many people.
After appearing on the OpenSea exchange for about 5 months, the mutated NFT gradually faded into obscurity, with the last transaction taking place 4 months ago.
Investigators are clarifying the money laundering activities of the Bui Huu Giang brothers, notorious coal smugglers, through the buying and selling of rare orchids, real estate projects, and luxury car collections.
These scams have spread rapidly, with many people becoming victims, some of whom have lost billions of Vietnamese dong.
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