Quoc Cuong Gia Lai Group reported a loss of VND16.6 billion in the first half 2024. As the company is bogged down in difficulties, the company’s managers are receiving only VND11 million a month each.

Nguyen Thi Nhu Loan, CEO of Quoc Cuong Gia Lai Joint Stock Company, allegedly conspired with several individuals to transfer the 39-39B Ben Van Don project in Ho Chi Minh City, causing state losses amounting to hundreds of billions of VND.

Following his departure from Quoc Cuong Gia Lai JSC in 2018, Nguyen Quoc Cuong, also known as Cuong "Dollar," has successfully built a diverse career, establishing businesses across multiple industries.

Nguyen Quoc Cuong, popularly known as Cuong 'Dollar,' has been appointed as the new CEO of Quoc Cuong Gia Lai JSC, succeeding his mother, Nguyen Thi Nhu Loan, who was recently dismissed from the Board of Directors.

Once a prominent figure in the company, Nguyen Quoc Cuong’s role and the timing of his exit are critical to understanding the full scope of the company’s controversial land transactions.

Quoc Cuong Gia Lai JSC has responded to the recent indictment and detention of its CEO, Nguyen Thi Nhu Loan. The legal action pertains to allegations related to the management and use of a property located at 39-39B Ben Van Don, District 4, HCMC.

From land acquisitions to stock volatility, delve into the controversies surrounding Quoc Cuong Gia Lai and its CEO.

Authorities conduct a thorough search of Nguyen Thi Nhu Loan's residence, removing boxes of documents.

Nguyen Thi Nhu Loan, CEO of Quoc Cuong Gia Lai group, has been detained for violating state asset management regulations.

Pham Nhat Vuong has kicked off an automobile manufacturing project Vinfast. Nguyen Duy Hung has successfully protected Bibica brand. 

 VietNamNet Bridge - Owning more than 55% of shares with a value of VND15,000 billion, the family of Mrs. Nguyen Thi Nhu Loan holds control of Quoc Cuong Gia Lai Corporation.

Not only Quoc Cuong Gia Lai Group which has been associated with the nickname “Cuong dollar,” but many other conglomerates have also astonished the public when reporting profits after many quarters of taking loss.