business scandals in vietnam

Update news business scandals in vietnam

Ho Chi Minh City court opens trial over Agribank lending scandal

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.

Seized Hermès bags in Truong My Lan case set for valuation review

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).

Former ACV chairman and acting deputy CEO expelled from Party

Disciplinary action has been taken against key leaders of Vietnam’s airport corporation following findings of severe misconduct.

Ha Long canned food scandal leaves deepest mark on Vietnam F&B in 2025

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.

MediUSA former chair paid billions in bribes to 'clear the way for business'

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.

Billion-dong collections of disgraced Mr Pips and his girlfriend revealed

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.

From fintech star to legal storm: the unraveling of Shark Binh

Once a symbol of innovation, Nguyen Hoa Binh now stands at the center of a major investigation.

Police arrest Duc Giang Chemicals chairman and son in major probe

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.

Shark Binh accused of laundering funds in major fraud case

Investigators allege that Nguyen Hoa Binh helped conceal illicit funds tied to a large-scale fraud ring led by Pho Duc Nam.

Hundreds of investors await repayment in Sen Tai Thu scandal

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.

Former chair of Quoc Cuong Gia Lai faces trial over $21 million land deal

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.

Bribery confession in Hai Phong meat scandal: officer surrenders

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.

Halong Canfoco to destroy 14,000 paté cans after use of virus-infected 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 defends iconic pate brand amid food safety scandal

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.

Military court imposes prison terms on defendants in Khanh Hoa land case

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.

From near-70-year legacy to crisis: what’s happening at Halong Canfoco

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.

Vietnam cracks down on fake health products in 2025

A string of counterfeit health and beauty product scandals rocked Vietnam in 2025, exposing widespread deception behind influencer-backed promotions.

Vietnam uncovers two largest fake milk scandals of 2025

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.

Investigation reveals illegal spending of billions from HCMC land deal

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.

Behind Shark Tank’s glamour: the legal downfall of Vietnam’s “sharks”

The entrepreneurs who once sat in Shark Tank’s investor chairs are now under investigation for fraud, crypto manipulation, and counterfeit goods.