business scandals in vietnam

Update news business scandals in vietnam

Phuc Son Group bribery scandal: Millions spent on officials for business favors

Phuc Son Group chairman Nguyen Van Hau allegedly funneled over $3 million to a former district official in Vinh Long to influence leadership decisions and secure business advantages.

Massive real estate fraud: Hau "Phao" evades $84 million in land sales

Hau "Phao" sold 1,317 land lots, concealing 2,072 billion VND off the books, leading to over 504 billion VND in tax losses for the Vietnamese government.

41 officials face prosecution in Hau "Phao" and Phuc Son Group corruption case

The Phuc Son Group scandal unfolds as 41 high-ranking individuals are accused of bribery, bid-rigging, and financial mismanagement in Vietnam.

Bribery in Vinh Phuc: Former officials accused of accepting over $5 million

In a shocking revelation, businessman Hau "Phao" is accused of paying over 132 billion VND ($5.3 million) in bribes, including a $1 million cash handoff to former Party Secretary Hoang Thuy Lan.

Former Vinh Phuc official received nearly $2 million in bribes

A Ministry of Public Security investigation has uncovered a bribery network involving Phuc Son Group, with former Vinh Phuc Party Secretary Hoang Thi Thuy Lan accused of accepting nearly $2 million.

Kera candy controversy: Apologies, refunds, and unanswered questions

Despite celebrity apologies and promised refunds, concerns remain over the product's production process and official test results.

Public backlash over Kera candy: Influencers and company apologize

Amid accusations of misleading advertising, CER Group has clarified its claims regarding Kera candy. The company, and its influencer partners, acknowledged marketing errors and promised corrective measures, including a refund policy for buyers.

Tan Tan Peanut executives prosecuted for tax evasion and shareholder misconduct

The chairman, his wife, and his brother face legal charges over tax evasion and failure to comply with shareholder rights in a corporate dispute at Tan Tan Peanut Company.

What is happening with Rang Dong Plastic and Dien Quang?

All five board members of Rang Dong Plastics have resigned. Rang Dong, together with Dien Quang, are businesses linked to former Deputy Minister of Industry and Trade Ho Thi Kim Thoa.

Bond victims from nation’s worst fraud set to receive repayment

HCM City authorities have announced a compensation plan for tens of thousands of bondholders who were misled into purchasing bonds through a private lender in a case considered Vietnam’s worst financial fraud.

Illegal schemes of a rare earth tycoon: Tax evasion and smuggling exposed

Vietnamese authorities have uncovered a massive tax evasion and smuggling operation involving Luu Anh Tuan, Chairman of Vietnam Rare Earth Company.

Vietnamese company illicitly profits $29 million in rare earth mining case

Investigators found that Thai Duong Group engaged in unauthorized resource extraction, smuggling, and tax fraud over a four-year period.

Thanh Hoa’s business tycoon arrested: The rise and fall of Trinh Xuan Nghiem

Trinh Xuan Nghiem, chairman of Anh Phat Construction and Trade Investment Corporation, has been arrested for alleged negligence in managing a state-owned iron ore mine, causing significant financial losses.

Prominent wood industry tycoon arrested in high-stakes gambling bust

Do Xuan Lap, a key figure in Vietnam’s wood industry, has been arrested for gambling, marking a dramatic fall for the CEO of Tien Dat Wood Technology Corporation and Chairman of Viforest.

Ho Chi Minh City disciplines officials over Thuan An Group scandal

Ho Chi Minh City has disciplined two party organizations and five officials for violations linked to major infrastructure projects managed by Thuan An Group, underscoring efforts to address corruption.

Truong My Lan’s death sentence upheld in Van Thinh Phat trial

The court rejected clemency for Truong My Lan, citing the gravity of her crimes, but allowed her seven days to appeal for presidential clemency.

Truong My Lan’s restitution tops 75%: Will she avoid the death penalty?

Will restitution and pledges for public welfare save Truong My Lan from execution in one of Vietnam’s largest embezzlement cases?

Opening of the trial involving Xuyen Viet Oil Company

The indictment concluded that the actions of Hạnh and her co-conspirators not only caused significant State budget losses, but also eroded public trust in government management.

Truong My Lan pleads for leniency as death penalty recommendation stands

During the ongoing trial, Truong My Lan expressed emotional turmoil as the prosecution reaffirmed its stance on the death penalty.

Appellate trial held for Van Thinh Phat case

The High People’s Court in Ho Chi Minh City on November 4 opened the appellate trial for the case involving property developer Van Thinh Phat Group and Saigon Commercial Joint Stock Bank (SCB).