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Update news business scandals in vietnam
The Ministry of Public Security has detained Le Duc Giang and three others amid a deepening investigation into serious violations in mineral resource licensing.
Phuc Son Group on July 3 made an additional payment of 768 billion VND (approximately 29.3 million USD) to remedy damages in the criminal case involving its Chairman Nguyen Van Hau.
Nguyen Van Hau, Chairman of Phuc Son Group JSC, fully admitted all of the charges delivered by the procuracy agency, and asked for leniency at the June 26 hearing.
The former FLC chairman received a lighter sentence following repayment of VND 1.886 trillion.
The People’s Court of Hanoi on June 24 opened the first-instance trial of Hoang Thi Thuy Lan, former Secretary of the Party Committee of Vinh Phuc, along with 40 other defendants involved in the high-profile corruption case at Phuc Son Group.
Vietnam court opens trial of Nguyen Van Hau and top officials accused of taking over USD 4 million in bribes.
Van Thinh Phat-led investors pledge billions to fix SCB and repay massive fraud damages.
The Ministry of Public Security is investigating high-level executives for bribery and asset misuse.
Trinh Van Quyet and co-defendants will return to court on June 17 after repeated postponements due to health concerns.
The High-level People's Court in HCM City on May 12 delivered the appellate verdict in the high-profile corruption case involving the Xuyen Viet Oil Transport, Trading and Tourism Co., Ltd (Xuyen Viet Oil).
The case represents a major corruption scandal in Vietnam’s energy sector, spanning both central and local levels.
Nguyen Thi Ut Em faces charges as her school fails to return parent loans totaling over 3,200 billion VND.
The American International School Vietnam faces a grim fate as Nguyen Thi Ut Em is detained and families scramble to find new schools.
The cumulative misconduct by Nguyen Van Hau, Chairman and General Director of the Phuc Son Group JSC and his accomplices has led to extensive financial damage to the State, totalling over 1.16 trillion VND.
Over just two weeks, Vietnamese police have dismantled multiple large-scale rings producing counterfeit milk, medicines, and health supplements, exposing systemic fraud targeting vulnerable consumers.
A massive counterfeit milk ring reveals dangerous flaws in Vietnam’s food safety system and business ethics.
Nearly 600 counterfeit powdered milk brands targeting patients and infants have been exposed, revealing a fraudulent network that earned up to $19.6 million and highlighted major regulatory lapses in product quality oversight and post-market checks.
Despite a sentence reduction for fraud, Vietnam’s most high-profile financial criminal remains on death row.
The Ministry of Health has ordered a comprehensive review of product declarations and food safety certifications involving companies tied to a major fake milk production and distribution ring.
The family of Trinh Van Quyet, former Chairman of FLC Group, has recently paid an additional VND 100 billion (approximately USD 4 million), bringing the total restitution to VND 1.072 trillion (around USD 42.8 million).