Deputy director of Land Resources Development and Planning Agency arrested

By Thai Ha
Wed, May 29, 2024 | 4:12 pm GMT+7

Doan Ngoc Phuong, deputy director of the Land Resources Development and Planning Agency under the Ministry of Natural Resources and Environment, was arrested on Tuesday for receiving bribes in a scam that occurred at state-controlled Vietnam Rubber Industry Group.

The Ministry of Public Security’s investigative agency (C03) has initiated criminal proceedings against Phuong, also chairman of the Council for Valuing Assets in Criminal Proceedings, for receiving bribes per the Penal Code.

C03 has also launched criminal proceedings against Cao Dai Nghia, deputy head of the land price division of the Land Resources Development and Planning Agency, and Khuong Thanh Tung, director of Thang Long Price Appraisal and Valuation JSC, for "abusing positions and power while on duty".

From left: Cao Dai Nghia, Doan Ngoc Phuong and Khuong Thanh Tung. Photo courtesy of the police.

From left: Cao Dai Nghia, Doan Ngoc Phuong and Khuong Thanh Tung. Photo courtesy of the police.

This is part of an expanded investigation into the case of “violating regulations on management and use of State assets, causing loss and waste" that occurred at Vietnam Rubber Group, Dong Nai Rubber Company, Ba Ria Rubber Company and other units related to the 39-39B Ben Van Don real estate project in Ward 12, District 4, Ho Chi Minh City.

Nghia is a standing member of the Council for Valuing Assets in Criminal Proceedings and head of the team assisting the council. He is currently a defendant in the case that occurred at Phuc Son Group.

Six days ago, Le Quang Thung, former general director, acting chairman of the board of directors at Vietnam Rubber Group; and Huynh Trung Truc, former deputy general director of the group, were arrested by C03 for "violating regulations on management and use of State assets, causing loss and waste".

Arrested on the same charges was Pham Van Thanh, former head of the investment planning department under the Land Resources Development and Planning Agency; Nguyen Thi Gai, former general director of Dong Nai Rubber Company; Nguyen Cong Tai, former board chairman of Ba Ria Rubber Company; and Nguyen Trong Canh, former deputy general director of the company.

Le Y Linh, former director of Viet Tin General Trading Company Limited, and Dang Phuoc Dua, former board chairman of Viet Trust Investment-Trading Corporation, were also detained.

Comments ( 0)
  • Read More
Becamex sets up subsidiary to advance $176 mln industrial park project in central Vietnam

Becamex sets up subsidiary to advance $176 mln industrial park project in central Vietnam

The VND4.63 trillion ($176.13 million) Ninh Xuan 1 Industrial Park, located in the south-central province of Khanh Hoa, has reached a new milestone as Becamex IDC, one of Vietnam’s largest industrial real estate developers, decided to establish a wholly owned subsidiary to push the project.

Companies - Fri, July 10, 2026 | 2:31 pm GMT+7

Trungnam Group triples investment for urban area project in central Vietnam

Trungnam Group triples investment for urban area project in central Vietnam

The Golden Hills City project, developed by Vietnam’s multi-sector Trungnam Group, has been approved by authorities in the central city of Danang to increase its total investment from VND4.4 trillion to nearly VND15.5 trillion ($589.6 million).

Real Estate - Fri, July 10, 2026 | 11:14 am GMT+7

Vietnam's leading developer Sun Group, Accor elevate strategic partnership

Vietnam's leading developer Sun Group, Accor elevate strategic partnership

Sun Group and Accor have signed an agreement to elevate their decade-long strategic partnership, adding nearly 6,000 premium hotel rooms and serviced apartments across Phu Quoc island and Danang city to their cooperation portfolio.

Companies - Fri, July 10, 2026 | 10:39 am GMT+7

Samsung Display ultra-thin glass supplier breaks ground on second plant in northern Vietnam

Samsung Display ultra-thin glass supplier breaks ground on second plant in northern Vietnam

South Korea's Dowooinsys Vina, a subsidiary of NP Group, has begun construction of its second manufacturing plant in Thai Nguyen province, expanding production capacity for ultra-thin glass (UTG) used in Samsung Display's foldable smartphone panels.

Investing - Fri, July 10, 2026 | 8:17 am GMT+7

From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia

From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia

Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.

Travel - Thu, July 9, 2026 | 11:09 pm GMT+7

VietinBank seeks to divest entire stake in Hai Phong Port via public auction

VietinBank seeks to divest entire stake in Hai Phong Port via public auction

VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).

Companies - Thu, July 9, 2026 | 5:10 pm GMT+7

Starlink begins taking orders in Vietnam, first-year service costs $1,190

Starlink begins taking orders in Vietnam, first-year service costs $1,190

Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).

Companies - Thu, July 9, 2026 | 4:09 pm GMT+7

Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.

Companies - Thu, July 9, 2026 | 3:51 pm GMT+7

Idemitsu Kosan expands energy ecosystem in Vietnam

Idemitsu Kosan expands energy ecosystem in Vietnam

After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.

Industries - Thu, July 9, 2026 | 1:43 pm GMT+7

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.

Banking - Thu, July 9, 2026 | 11:51 am GMT+7

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.

Finance - Thu, July 9, 2026 | 8:00 am GMT+7

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.

Industries - Wed, July 8, 2026 | 7:56 pm GMT+7

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.

Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.

Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.

Industries - Wed, July 8, 2026 | 4:25 pm GMT+7

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.

Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7