Hanoi vice mayor arrested for 'receiving bribes'
Chu Xuan Dung, vice chairman of the Hanoi People's Committee, was arrested Thursday for further investigation into his allegedly taking bribes in the pandemic repatriation flight scam.
Chu Xuan Dung, vice chairman of the Hanoi People's Committee. Photo courtesy of the police.
Dung was found to have abused his positions and power in approving for businesses to carry out "rescue" flights that brought Vietnamese citizens home from abroad for isolation in Hanoi.
On the same day, the Ministry of Public Security's investigative agency also detained Vu Hong Nam, a former official of the Vietnamese Embassy in Japan, to investigate his allegedly taking bribes, and arrested Pham Bich Hang, director of Vina Mi Chi Joint Stock Company, on the charges of "giving bribes".
This is the latest result in an expanded investigation into the case of "giving, accepting and brokering bribes; abusing positions and power while on official duty; and fraudulently appropriating property" that occurred at the Ministry of Foreign Affairs, Hanoi and other provinces and cities. So far, more than 30 people have been arrested in this case.
Chu Xuan Dung, 49, is from Dong Anh district, Hanoi. Before serving as vice chairman of Hanoi from 2020, he was deputy director and then director of Hanoi's Department of Education and Training.
As vice chairman of the capital for the term 2021-2026, Dung was assigned to be the head of the municipal Steering Committee on Covid-19 disease prevention and control.
On the same day, Hanoi's Party Committee issued a notice saying that the city's Party leaders have proposed to take disciplinary action against Dung.
They concluded that Dung had degraded in political ideology, morality, and lifestyle; abusing his positions and power in approving for businesses to carry out rescue flights that brought citizens home from abroad for isolation in Hanoi; violating Party members' code of conduct, regulations on responsibility to set an example, and the law.
Chu Xuan Dung's violations led to serious consequences that caused anger among society and undermined the prestige of Party organizations.
The Party leaders voted unanimously to propose competent authorities consider removing him from the Communist Party.
- Read More
Vingroup stocks surge as Vinhomes, Vincom Retail unveil 2025 dividend plans
Shares of companies affiliated with Vingroup rallied sharply on Thursday after Vinhomes and Vincom Retail announced plans to pay 2025 dividends, lifting the benchmark VN-Index despite broad weakness across the market.
Finance - Thu, June 18, 2026 | 9:09 pm GMT+7
SLP, J&T Express to develop automated logistics hub in southern Vietnam
Logistics infrastructure developer SLP Vietnam and courier company J&T Express have signed a strategic cooperation deal to jointly develop a large-scale automated sorting center in southern Vietnam, underscoring growing investment in logistics infrastructure as e-commerce demand accelerates.
Companies - Thu, June 18, 2026 | 4:54 pm GMT+7
Nearly 60 funds subscribe to Dien May Xanh IPO amid foreign investors' prolonged net selling
Nearly 60 domestic and foreign investment funds have registered to buy 166 million shares in the initial public offering (IPO) of Dien May Xanh, the electronics retail chain of Mobile World Group (HoSE: MWG).
Companies - Thu, June 18, 2026 | 4:40 pm GMT+7
Half of Swedish businesses operating in Vietnam plan investment expansion
The fact that 50% of surveyed Swedish businesses plan to increase investment in Vietnam in 2026 demonstrates their firm long-term confidence in the Vietnamese market.
Industries - Thu, June 18, 2026 | 1:53 pm GMT+7
Vietnam seeks deeper nuclear cooperation with Russia's Rosatom
Vietnamese Prime Minister Le Minh Hung called for expanded cooperation in nuclear energy with Russia's Rosatom, including support for Vietnam's planned Ninh Thuan 1 nuclear power plant, at a meeting with CEO Alexey Likhachev on Wednesday.
Energy - Thu, June 18, 2026 | 1:38 pm GMT+7
Vietnam PM backs expanded energy cooperation with Russia's Zarubezhneft
Vietnamese Prime Minister Le Minh Hung met with Sergei Kudryashov, CEO of Russian state oil company Zarubezhneft, on Wednesday and expressed support for expanding bilateral cooperation in oil and gas, offshore wind power and other energy projects.
Energy - Thu, June 18, 2026 | 12:26 pm GMT+7
Vietnam central bank proposes easing limit on short-term funds for long-term lending
The State Bank of Vietnam has proposed raising the maximum ratio of short-term funding that commercial banks can use for medium- and long-term lending from 30% to 40%, marking a reversal of years of tightening aimed at reducing maturity mismatch risks.
Banking - Thu, June 18, 2026 | 11:16 am GMT+7
EVNGENCO3 completes over 50% of year's profit target, accelerates investment in new power projects
Vietnam's Power Generation Corporation 3 (EVNGENCO3) has completed nearly 55% of its full-year profit target after the first five months of 2026, supported by resilient electricity demand and stable system operations, while stepping up investments in LNG-fired power, battery energy storage systems (BESS) and renewable energy projects.
Investing - Thu, June 18, 2026 | 8:17 am GMT+7
Vietnam Rubber Group plans capital hikes for listed subsidiaries as earnings climb
Vietnam Rubber Group (HoSE: GVR) plans to raise capital at several of its listed subsidiaries, starting with Phuoc Hoa Rubber, as the state-controlled giant seeks to strengthen its subsidiaries while benefiting from high rubber prices and expanding industrial park operations.
Companies - Wed, June 17, 2026 | 8:14 pm GMT+7
Vinhomes to cease land bank expansion in Vietnam, focus on capitalizing on existing projects
Vietnam’s largest listed property developer Vinhomes, a subsidiary of Vingroup (HoSE: VIC), will stop acquiring new land in the domestic market, shifting its focus toward developing its existing portfolio and extracting greater value from projects already under its control, chairman Pham Thieu Hoa said.
Companies - Wed, June 17, 2026 | 5:19 pm GMT+7
State-controlled machinery firm VEAM announces highest dividend payout in 4 years, stock listing still on hold
Vietnam Engine and Agricultural Machinery Corporation (VEAM) plans to pay more than VND6.96 trillion ($264.46 million) in dividends for 2025 at a payout ratio of 52.4%, its record high in four years, while its long-delayed stock exchange listing remains on hold due to unresolved legacy issues.
Companies - Wed, June 17, 2026 | 3:30 pm GMT+7
Aeon Mall Vietnam achieves double-digit growth in 2025, accelerates network expansion
Japan’s retail giant Aeon Mall continued to record strong growth in Vietnam last year while accelerating the expansion of its network in Danang, Thanh Hoa, Quang Ninh, and several other localities across the country.
Economy - Wed, June 17, 2026 | 2:53 pm GMT+7
Palm City project enters new development phase as Palm River subdivision launched
Nam Rach Chiec Company Limited, together with Huong Viet Properties, recently held the Palm City Urban Area kick-off ceremony and officially launched the Palm River subdivision, marking the beginning of a new development phase for the 30.2-hectare urban township in Ho Chi Minh City.
Real Estate - Wed, June 17, 2026 | 11:27 am GMT+7
Petrovietnam's assets top $44.8 bln in 2025, profit jumps 39%
Petrovietnam ended 2025 with total assets exceeding VND1,178 trillion ($44.8 billion), up nearly VND100 trillion ($3.8 billion) from a year earlier, while reporting a 39% increase in net profit and maintaining one of the country's largest cash positions.
Companies - Wed, June 17, 2026 | 8:00 am GMT+7
Coteccons dismisses concerns over executive departure, competition from Vingroup's arm
Vietnam's leading contractor Coteccons (HoSE: CTD) said a recent change in senior management was unrelated to the company's share price performance, as executives highlighted record order backlog and accelerating earnings growth amid a recovery in Vietnam's construction industry.
Companies - Tue, June 16, 2026 | 5:26 pm GMT+7
VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens
Vietnam’s leading investment management firm VinaCapital has listed two strategic exchange-traded funds (ETFs) on the Ho Chi Minh City Stock Exchange, expanding investment options for investors seeking targeted exposure to Vietnam's long-term economic growth themes.
Finance - Tue, June 16, 2026 | 4:39 pm GMT+7


















