business scandals in vietnam

Update news business scandals in vietnam

Hai Phong Thermal Power CEO charged amid turmoil in power sector

A wave of legal investigations involving senior executives at Vietnam’s power generation and power construction companies is weighing heavily on the sector’s stocks, despite continued strong business performance across many firms.

Major corporate leaders face legal troubles in Vietnam in 2026

Since the beginning of 2026, a series of senior executives from major Vietnamese corporations including PC1, ACV, Vinaconex and Duc Giang Chemical Group have been prosecuted and detained.

Vietnam power construction giant PC1 rocked by criminal probe

Vietnam’s leading power construction group PC1 is facing mounting pressure after chairman Trinh Van Tuan and several senior executives were prosecuted over alleged accounting violations and asset embezzlement.

Luxury cars tied to Truong My Lan set for auction in Ho Chi Minh City

The Ho Chi Minh City Civil Judgment Enforcement Department has announced plans to select an auction organization to sell three luxury cars linked to convict Truong My Lan, 70, chairwoman of Van Thinh Phat Group, along with related companies.

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.