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Update news business scandals in vietnam
The Ho Chi Minh City People’s Court on April 17 opened a first-instance trial against Nguyen The Binh and co-defendants over lending violations that inflicted losses of more than 1 trillion VND (38.4 million USD) on the state budget.
Authorities in Ho Chi Minh City have announced the official valuation of two white Hermès handbags belonging to Truong My Lan, placing their combined value at nearly VND4 billion (US$160,000).
Disciplinary action has been taken against key leaders of Vietnam’s airport corporation following findings of severe misconduct.
A food safety scandal involving Ha Long Canfoco has been identified as the most impactful incident affecting Vietnam’s food and beverage (F&B) sector in 2025, shaking consumer confidence across the industry.
To produce large quantities of counterfeit goods and earn hundreds of billions of dong in profit, the former chair of the board of MediUSA and his accomplices spent money bribing a number of officials, an indictment says.
Using illicit funds, Pho Duc Nam and his girlfriend built up collections of luxury cars, watches, jewelry and ultra-expensive real estate in prime locations, and defrauded investors of more than VND1,300 billion, an investigation has revealed.
Once a symbol of innovation, Nguyen Hoa Binh now stands at the center of a major investigation.
Authorities have detained the chairman of Duc Giang Chemicals Group and his son as part of a sweeping investigation into environmental, mining and accounting violations.
Investigators allege that Nguyen Hoa Binh helped conceal illicit funds tied to a large-scale fraud ring led by Pho Duc Nam.
The Hanoi procuracy says former leaders of Sen Tai Thu Group must return more than VND757 billion to hundreds of investors after a large-scale fraud investigation.
Nguyen Thi Nhu Loan, former chair of Quoc Cuong Gia Lai, faces prosecution for profiting from a $21 million land deal in Ho Chi Minh City.
A fisheries and livestock official in Hai Phong has confessed to taking bribes and issuing falsified quarantine certificates linked to 130 tons of contaminated pork.
In connection with the case involving over 120 tons of African swine fever (ASF)-infected pork used in canned food production, Halong Canfoco has requested official approval to destroy nearly 14,000 cans of Hai Phong-style paté.
Hai Phong officials have confirmed that its famous local pate is unrelated to the canned product at the center of a food safety investigation involving Halong Canfoco.
The case revolved around the handling of the 238-ha former Nha Trang Airport site, a prime coastal plot along Tran Phu street previously managed by the Air Force Officers’ College.
As police probe a suspected supply chain involving over 120 tons of ASF-infected pork, Halong Canfoco faces scrutiny over governance shifts, falling revenue, and a new chairman appointed in 2025.
A string of counterfeit health and beauty product scandals rocked Vietnam in 2025, exposing widespread deception behind influencer-backed promotions.
Two massive fake milk scandals shook Vietnam in 2025, with hundreds of counterfeit products flooding the market and exploiting regulatory gaps, raising grave concerns over public health and food safety.
Nguyen Thi Nhu Loan, chair of the board of directors and CEO of Quoc Cuong Gia Lai JSC, has given testimony regarding the use of hundreds of billions of dong earned from the transaction involving the 39–39B Ben Van Don land plot in HCMC.
The entrepreneurs who once sat in Shark Tank’s investor chairs are now under investigation for fraud, crypto manipulation, and counterfeit goods.