Deputy director of Land Resources Development and Planning Agency arrested
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.
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.
- Read More
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7
Vietnam's private lender VIB seeks strategic shareholders: chairman
Vietnam International Bank's (VIB) board of directors is now in discussions with banks and investment funds to find suitable partners for the lender, ensuring a mutually beneficial partnership that goes beyond finance.
Banking - Fri, March 28, 2025 | 8:31 am GMT+7
Vietnam tech giant FPT opens semiconductor R&D center in central Vietnam
Vietnam’s leading tech group FPT on Thursday inaugurated its high-tech and semiconductor R&D center at the Danang Software Park No. 2 in the central city of Danang.
Industries - Fri, March 28, 2025 | 8:00 am GMT+7
HCMC's international financial center development to be phased out: city leader
Ho Chi Minh City aims to become an international financial center, with related development plan divided into three phases, said Vo Van Hoan, its Vice Chairman.
Economy - Thu, March 27, 2025 | 11:11 pm GMT+7
Car producers in Thailand postpone export models
Car manufacturers in Thailand have decided to delay making some models for export due to U.S. President Donald Trump's new tariff policy.
Southeast Asia - Thu, March 27, 2025 | 10:17 pm GMT+7
Indonesia approves $7 bln budget for food security in 2025
Indonesia’s Ministry of Finance on Wednesday announced that the government has approved a budget of IRD118 trillion ($7.1 billion) for food security programs in 2025.
Southeast Asia - Thu, March 27, 2025 | 10:14 pm GMT+7
Honda Vietnam rolls out first domestically produced electric scooter
Honda Vietnam has officially launched its first domestically produced electric scooter, the ICON e:, marking a significant step in the company’s electrification and sustainable mobility strategy in Vietnam.
Southeast Asia - Thu, March 27, 2025 | 10:09 pm GMT+7
Vietnam's Quang Ngai seaport system requires over $420 mln investment by 2030
The seaport system in the central Vietnam province of Quang Ngai will need about VND10.83 trillion ($423.54 million) in investment by 2030, according to the detailed 2021-2030 development plan for local seaport land and water areas, with a vision to 2050.
Southeast Asia - Thu, March 27, 2025 | 10:06 pm GMT+7
Leading steelmaker Hoa Phat targets record revenue on partial operation of central Vietnam plant
Hoa Phat Group, Vietnam’s top steelmaker, targets a record-high revenue in 2025, driven by the expected partial operation of a steel and iron complex in the central region this year.
Companies - Thu, March 27, 2025 | 8:10 pm GMT+7
Offshore wind power developer CIP seeks long-term cooperation with Vietnam
Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.
Energy - Thu, March 27, 2025 | 4:16 pm GMT+7
Vietnam giant VinFast moves to expand EV service in Philippines
VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.
Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7
Vietnam's MobiFone officially launches 5G services
MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.
Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7
Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province
Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.
Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7
Vietnam willing to open doors to US agricultural products: minister
Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.
Economy - Thu, March 27, 2025 | 3:08 pm GMT+7
S Korea chaebol Lotte eyes hypermarket in northern Vietnam
South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.
Industries - Thu, March 27, 2025 | 12:15 pm GMT+7