Tram Be, former vice board chairman at the Saigon Thuong Tin Commercial JSC (Sacombank), was freed from prison on February 10, having served his seven-year sentence.

Violations at vehicle registration centres have signalled an organised corruption case, causing severe losses to the society, said Lieut. Gen. To An Xo, spokesman of the Ministry of Public Security on February 2.

Registry centers have been found impersonating real registrars, forging signatures, hiring unqualified registrars, and ignoring vehicle errors.

The Ministry of Public Security (MPS) is investigating 89 cases of overpriced procurement bid packages relating to COVID-19 control in Hanoi.

Many vehicle registration centers have become overloaded, and several centers have been closed for investigation.

The Ministry of Transport has proposed re-opening some of the auto registration and inspection centers which have been suspended due to bribery allegations.

According to the Vietnam Register, 33 vehicle inspection centers in 13 provinces and cities, including 11 centers in Hanoi, have been temporarily closed.

The police of HCMC said yesterday, January 11, that they had detained the head of Vietnam Register, Dang Viet Ha, on alleged charges of taking bribes.

In the last few weeks, the Public Security Departments of various provinces and cities have been inspecting automobile registration centers for law violations.

The Ministry of Public Security on January 6 prosecuted Former general director of Dong A Bank (DAB) Tran Phuong Binh for “violations in banking activities and other banking-related activities”, according to the Criminal Code.

Wrongdoings were found recently when police inspected vehicle registration centers. The director of one registration center was illiterate.

Four deputy directors and one employee at the 98-06D auto inspection and registration center in the northern province of Bac Giang have been detained for allegedly receiving bribes.

Nguyen Thi Thanh Nhan, 54, former chairwoman and general director of Hanoi-based Advanced International Joint Stock Company (AIC Group), was sentenced in absentia to 30 years of imprisonment

The HCM City People Court on December 29 sentenced Nguyen Thai Luyen, 36, chairman of the Board of Directors of Alibaba Company, to life imprisonment for property fraud, causing more than 4,500 victims to lose over US$101 million.

The Hanoi People’s Procuracy on December 24 proposed sentencing Nguyen Thi Thanh Nhan, former chairwoman of Advanced International JSC (AIC), to 30 years behind bars.

The HCM City People’s Procuracy on December 19 proposed life imprisonment for Nguyen Thai Luyen, chairman of Alibaba Company, for property fraud and money laundering that caused over 4,500 victims to lose over US$101 million.

Real estate is a profitable business field, but not all investors can earn huge profits.

The news about Nguyen Ngoc Thuy and the crisis of the Apax English system shows that the ambition of rapid business development can have high risks if the business is not administered well.

Investors and customers of SCB have been assured that their rights and interests will not be affected by the decision to prosecute Van Thinh Phat Group for "fraudulent appropriation of property" related to the issuance and sale of bonds.