Former Vietnam Rubber Group general director detained on bribery charges
Tran Ngoc Thuan, former general director of the state-controlled Vietnam Rubber Group (VRG), has been arrested on bribery charges, investigative agency C03 under the Ministry of Public Security said on Wednesday.
Thuan and other officials were arrested as the C03 expanded an investigation into violations at VRG, Dong Nai Rubber Company, Ba Ria Rubber Company, the Ministry of Natural Resources and Environment, and other organizations related to the 39-39B Ben Van Don real estate project in Ward 12, District 4, Ho Chi Minh City.
From left: Tran Ngoc Thuan, Nguyen Thi Hong, Vo Sy Luc and Tran Thoai. Photo courtesy of the police.
Among those arrested were Vo Sy Luc, former chairman of the council of members of VRG, and Tran Thoai, member of the council, and deputy general director of VRG. These officials were arrested for “violating regulations on the management and use of state assets, causing loss and waste.”
Legal proceedings have also been launched against Nguyen Thi Hong, former Vice Chairwoman of the Ho Chi Minh City People's Committee, for “abusing positions and power while on duty,” the investigative agency said.
Another senior official implicated in this case, Doan Ngoc Phuong, deputy director of the Land Resources Development and Planning Agency under the Ministry of Natural Resources and Environment, was arrested on May 28, for allegedly accepting bribes. Phuong was also chairman of the Council for Valuing Assets in Criminal Proceedings.
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.”
On May 23, the police had detained eight others for "violating regulations on management and use of state assets, causing loss and waste."
The arrestees were: Le Quang Thung, former general director and acting board chairman of VRG; Huynh Trung Truc, former deputy general director of VRG; Pham Van Thanh, former head of VRG’s investment planning department; Nguyen Thi Gai, former general director of Dong Nai Rubber Company; Nguyen Cong Tai, former chairman of the council of members of Ba Ria Rubber Company; Nguyen Trong Canh, former deputy general director of Ba Ria Rubber 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.
C03 has also placed under house arrest Nguyen Thanh Chau, former board chairman of Dong Nai Rubber Company, also for "violating regulations on management and use of state assets, causing loss and waste."
- Related News
- Read More
Profit of Samsung’s 4 major Vietnam plants doubles in Q1, led by Thai Nguyen province site
Four major Vietnam-based subsidiaries of Samsung Electronics reported combined net profits of $1.29 billion in the first quarter of this year, more than double from a year earlier, according to the group’s Q1 consolidated financial statements.
Companies - Mon, May 25, 2026 | 4:48 pm GMT+7
Seta - A “silken thread” weaving contemporary Cantonese cuisine into the soul of Phu Quoc
The union of refined aesthetics and contemporary Cantonese gastronomy, brought to life by chef Victor Ho, is turning Seta at La Festa Phu Quoc, Curio Collection by Hilton into one of Phu Quoc Island’s most coveted fine-dining destinations - a place every discerning gourmand should experience at least once in a lifetime.
Travel - Mon, May 25, 2026 | 4:27 pm GMT+7
FDI shifts 'taste', land banks lose edge as southern Vietnam's industrial property market gets more mature
Southern Vietnam’s industrial real estate market is entering a more mature phase as foreign direct investment (FDI) pivots toward high-tech and green industries, putting greater emphasis on logistics infrastructure, operational capacity and ESG standards over land availability.
Industrial real estate - Mon, May 25, 2026 | 2:35 pm GMT+7
Phu My Investment raises capital for mega seaport project in central Vietnam to over $311 mln
Phu My Investment Group has increased investment capital for the first phase of the Phu My Port project in Gia Lai province by more than VND2.1 trillion ($79.66 million), lifting total investment to over VND8.2 trillion dong ($311 million) as the company moves to expand technical infrastructure and port handling capacity.
Infrastructure - Mon, May 25, 2026 | 2:16 pm GMT+7
Vingroup launches gold-to-property program with buyback option
Vingroup, its housing arm Vinhomes, and several jewelry companies plan to roll out a program allowing customers to convert their idle gold holdings into cash for home purchases, while also offering an option to convert the property value back into gold later.
Real Estate - Mon, May 25, 2026 | 1:05 pm GMT+7
Japan retailer Aeon plans shopping mall project in central Vietnam
Hanoi-based CMH Vietnam Group JSC (CMH Group) and AeonMall Vietnam Co., Ltd. have proposed conducting research for the development of an international shopping mall in the central province of Nghe An.
Industries - Mon, May 25, 2026 | 11:07 am GMT+7
Why PV Power has no plans to IPO subsidiaries
PV Power said it has no plans to launch initial public offerings (IPOs) for key subsidiaries or reduce ownership below 51%, as the company prioritizes long-term cash flow preservation and financial capacity ahead of a new LNG investment cycle.
Companies - Mon, May 25, 2026 | 9:13 am GMT+7
Vietnamese listed firms stay cautious on 2026 profit outlook despite strong Q1
Vietnamese listed companies are entering 2026 with robust Q1 earnings growth, yet most are setting markedly more cautious full-year business targets as concerns over capital costs, uneven demand recovery, and widening sector divergence weigh on corporate sentiment.
Companies - Mon, May 25, 2026 | 8:00 am GMT+7
Mobile World's electronics retailer wins approval for $545 mln IPO
Dien May Xanh, the electronics retail chain of Mobile World Group (HoSE: MWG), has received approval from the State Securities Commission of Vietnam (SSC) for its highly anticipated IPO, positioning it to become the country's largest market debut in five years.
Companies - Sun, May 24, 2026 | 10:33 pm GMT+7
Stricter penalties needed to prevent counterfeit textbooks in Vietnam
Stricter penalties and stronger enforcement measures are needed to curb the growing circulation of counterfeit textbooks in Vietnam, as fake and illegally printed books continue to spread widely across retail stores, e-commerce platforms, and social media channels, posing risks to educational quality and consumer rights.
Companies - Sun, May 24, 2026 | 2:05 pm GMT+7
Non-life insurer PVI, chamber of commerce VCCI partner to enhance business competitiveness
PVI Insurance, a leading non-life insurer in Vietnam, and the Vietnam Chamber of Commerce and Industry (VCCI) have signed a cooperation agreement to establish their comprehensive partnership for 2026-2027.
Companies - Sun, May 24, 2026 | 1:56 pm GMT+7
Japan’s Nissha acquires 60% of Vietnam stent maker in Southeast Asia push
Japan’s technology group Nissha has completed the acquisition of a 60% stake in USM Healthcare Medical Devices Factory JSC (USM Healthcare), a Vietnam-based cardiovascular stent manufacturer, expanding its footprint in Southeast Asia.
Companies - Sun, May 24, 2026 | 10:10 am GMT+7
Vietnam’s fast-food industry expands 13% as chains pivot beyond major cities, KFC leads growth
Vietnam’s fast-food sector is experiencing a robust post-pandemic revival, with the total number of outlets nationwide projected to grow to 1,156 in 2026, up from 1,022 last year, or 13%, according to a recent market report by research firm Q&Me.
Economy - Sun, May 24, 2026 | 8:00 am GMT+7
From satellite internet to device manufacturing: Amazon expands ambitions in Vietnam
Amazon aims to position Vietnam as a manufacturing hub for selected devices serving global exports, said David Zapolsky, the giant's senior vice president and chief global affairs and legal officer.
Companies - Sat, May 23, 2026 | 10:35 pm GMT+7
PV Gas H1 profit likely to exceed 70% of full-year target
PV Gas, a subsidiary of state-owned Petrovietnam, expects to exceed 70% of its full-year profit target in the first six months of 2026, supported by stable domestic gas supply and expanding market share amid global energy disruptions caused by Middle East geopolitical tensions.
Companies - Sat, May 23, 2026 | 1:50 pm GMT+7
Infrastructure builder Deo Ca must be a 'durable horse' for the long road: chairman
Ho Minh Hoang, chairman of Deo Ca Traffic Infrastructure Investment JSC (HHV), a leading transport infrastructure developer in Vietnam, said the company should not seek overnight expansion but instead pursue disciplined and sustainable long-term growth.
Companies - Sat, May 23, 2026 | 8:17 am GMT+7
