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.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/07/18/vrg-1304.jpg)
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."
- Read More
Southern Vietnam real estate firms plan new project launches despite market uncertainties
Several developers in Vietnam’s southern region are planning to launch new projects despite experts saying the real estate market outlook for the remainder of this year remains uncertain.
Real Estate - Sat, August 31, 2024 | 8:00 am GMT+7
Indonesia cracks down on fake job vacancies
The Indonesian Ministry of Manpower has taken measures to combat fake information on available job vacancies, including devising a plan to establish the Task Force on the Eradication of Fake Job Advertisement, reported the country’s news agency Antara.
Southeast Asia - Fri, August 30, 2024 | 11:36 pm GMT+7
Thailand's Koh Samui cruise terminal to open by 2032
Caretaker Deputy Minister of Transport Manaporn Charoensri of Thailand has announced that a new cruise terminal in Koh Samui will open in 2032 as part of efforts to boost tourism in Surat Thani province.
Southeast Asia - Fri, August 30, 2024 | 11:33 pm GMT+7
Malaysia’s economic growth to exceed 5% this year
The Federation of Malaysian Manufacturers (FMM) has revised the 2024 economic growth projection given the stronger-than-expected momentum in the second quarter.
Southeast Asia - Fri, August 30, 2024 | 11:32 pm GMT+7
Indonesia eyes export growth with S Korea via comprehensive economic partnership agreement
The Indonesian Government is aiming to expand exports to South Korea through the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA), which has been in effect over the past year.
Southeast Asia - Fri, August 30, 2024 | 11:30 pm GMT+7
Daiwa Securities-backed SSI to reclaim Vietnam’s biggest securities firm position after new public offering
SSI Securities, invested by Tokyo-based Daiwa Securities Group, has been approved to make a public offering of 453.3 million shares in a move likely to see it reclaim from VNDirect its position as Vietnam’s biggest stock broker by charter capital.
Companies - Fri, August 30, 2024 | 7:42 pm GMT+7
Heineken Vietnam targets net zero carbon emissions in 2030: exec
Heineken Vietnam strives to reach net zero carbon emissions in 2030, managing director Wietse Mutters told National Assembly Vice Chairman Nguyen Duc Hai.
Companies - Fri, August 30, 2024 | 7:37 pm GMT+7
Vingroup starts building world-class expo center in Hanoi
Vietnamese conglomerate Vingroup has kick-started the construction of a much-awaited world-class exhibition fair center on the outskirts of Hanoi.
Infrastructure - Fri, August 30, 2024 | 3:52 pm GMT+7
Vietnam should pay heed to culinary needs of Indian tourists: Vietravel exec
The 4,500 tourists from India’s Sun Pharmaceutical Industries Group visiting Vietnam are having their particular dietary needs carefully catered to, says leading Vietnamese travel agency Vietravel.
Travel - Fri, August 30, 2024 | 3:11 pm GMT+7
Sweden’s Ericsson, Vietnam university collaborate to drive digitalization with 5G
Sweden’s Ericsson and Hanoi-based Postal and Telecommunications Institute of Technology (PTIT) will collaborate in preparing Vietnamese students to drive the country’s digital transformation with 5G technology.
Companies - Fri, August 30, 2024 | 2:45 pm GMT+7
Life insurer Prudential invests big in 3 Vietnam banks
Life insurance company Prudential Vietnam has invested considerably in at least three banks in Vietnam after nearly three decades of presence in the Southeast Asian country.
Finance - Fri, August 30, 2024 | 2:24 pm GMT+7
Petrovietnam subsidiary, Sembcorp to survey offshore wind power project
PTSC, the technical arm of state-owned Petrovietnam, and Singapore's Sembcorp Utilities Pte. Ltd. (SCU) will jointly conduct technical surveys for an offshore wind power project that will export its output to Singapore.
Energy - Fri, August 30, 2024 | 11:52 am GMT+7
WinCommerce to redefine Vietnam retail market with new retail model
Leading modern retail chain in Vietnam - WinCommerce is confident in the massive potential of the country’s retail market and feels there is room to "redefine" it with a new retail model.
Companies - Fri, August 30, 2024 | 11:25 am GMT+7
Hong Kong aluminum firm Kam Kiu to invest $100 mln in northern Vietnam
Joint Wise Corporation, under Hong Kong-based aluminum giant Kam Kiu, will invest $100 million in manufacturing high-quality aluminum alloy in My Thuan Industrial Park, Vietnam’s northern province of Nam Dinh.
Industries - Fri, August 30, 2024 | 10:09 am GMT+7
Central Vietnam province seeks investors for $1.3 billion steel project
The Economic and Industrial Zones Authority of Thua Thien-Hue province in central Vietnam has called for investment in a VND32 trillion ($1.29 billion) steel plant project in the Chan May-Lang Co Economic Zone.
Industries - Fri, August 30, 2024 | 9:43 am GMT+7
Dragon Capital-backed HSC securities firm struggles with capital base hike
Ho Chi Minh City Securities Corporation (HSC) has faced difficulties in raising its charter capital due to issues related to state ownership.
Finance - Fri, August 30, 2024 | 8:00 am GMT+7