Head of An Giang province economic zone arrested

By Thai Ha
Fri, December 6, 2024 | 9:42 pm GMT+7

Nguyen Bao Trung, head of An Giang province’s Economic Zone Management Board, was detained on Friday for “abusing position and power” to help the country’s largest illegal sand mining company.

Nguyen Bao Trung, head of An Giang province’s Economic Zone Management Board. Photo courtesy of the provincial People's Committee.

Nguyen Bao Trung, head of An Giang province’s Economic Zone Management Board. Photo courtesy of the provincial People's Committee.

Trung, 50, former chief of the provincial Party Committee Office, was accused of helping Trung Hau Company be licensed to explore and exploit sand and have its mining licence adjusted illegally.

Initial investigations show that Trung Hau Company was licensed by the An Giang People’s Committee to exploit more than 1.5 million cubic meters of sand to supply four sub-projects under the North-South Expressway eastern section project. The sand mine is located in My Hiep and Binh Phuoc Xuan communes, Cho Moi district.

Taking advantage of the licence, this company’s leaders directed the exploitation of more than 4.7 million m3 of sand worth an estimated VND253 billion ($9.97 million).

In this case - the largest illegal sand mining scam in Vietnam, Nguyen Thanh Binh, former chairman of An Giang province, was arrested last year on charges of abusing position and power while on duties; and Tran Anh Thu, vice chairman of the province, was detained for allegedly accepting VND1.2 billion ($47,270) in bribes.

Among the remaining 22 people subject to legal proceedings for the crime of abusing positions and power while on duties, seven were former officials of the provincial Department of Natural Resources and Environment and its environment monitoring center.

Notably, Le Quang Binh, chairman and general director of Trung Hau Company, has been investigated for crimes of violating regulations on natural resources research, exploration and exploitation, and giving bribes.

Comments ( 0)
  • Read More
Vietnam's leading steelmaker Hoa Sen beats full-year profit target after 9 months

Vietnam's leading steelmaker Hoa Sen beats full-year profit target after 9 months

Hoa Sen Group (HoSE: HSG) has exceeded its full-year profit target after nine months of its 2025-2026 fiscal year ending September 30, driven by a sharp earnings recovery in the third quarter and improved operating efficiency.

Companies - Tue, July 14, 2026 | 8:00 am GMT+7

Window opening to buy quality Vietnamese assets at deep discounts as liquidity tightens: SGI Capital

Window opening to buy quality Vietnamese assets at deep discounts as liquidity tightens: SGI Capital

Rising interest rates and mounting liquidity pressure could push valuations in both the Vietnamese stock and real estate markets even lower in the coming period, creating opportunities to acquire high-quality assets at attractive prices, according to the Hanoi-based fund management company SGI Capital.

Finance - Tue, July 14, 2026 | 7:55 am GMT+7

S Korea's TLB to expand semiconductor PCB investment in Vietnam with second plant

S Korea's TLB to expand semiconductor PCB investment in Vietnam with second plant

South Korean printed circuit board (PCB) manufacturer TLB plans to invest about 200 billion won ($134 million) in a second manufacturing plant in the northern Vietnam province of Bac Ninh, aiming to double its effective production capacity to meet growing demand for AI server and next-generation memory module PCBs.

Industries - Mon, July 13, 2026 | 10:17 pm GMT+7

Building an inclusive culture is never finished: Carlsberg Vietnam exec

Building an inclusive culture is never finished: Carlsberg Vietnam exec

Carlsberg Vietnam's recognition as one of HR Asia's Best Companies to Work for in Asia 2026 for the fourth consecutive year, together with its first HR Asia Diversity, Equity & Inclusion Award, reflects the company's long-term commitment to building an inclusive workplace where people can grow and thrive.

Executive Talk - Mon, July 13, 2026 | 8:00 pm GMT+7

$1.5 bln airport city project linked to Gia Binh airport gets okayed

$1.5 bln airport city project linked to Gia Binh airport gets okayed

Authorities in Vietnam’s northern province of Bac Ninh has approved a nearly VND39.52 trillion ($1.51 billion) urban development project adjacent to the planned Gia Binh International Airport, as authorities move to build a new aviation and logistics hub east of Hanoi.

Infrastructure - Mon, July 13, 2026 | 5:44 pm GMT+7

Hanoi eyes Geleximco as investor for $2.86 bln project to revive polluted Nhue river

Hanoi eyes Geleximco as investor for $2.86 bln project to revive polluted Nhue river

Hanoi plans a VND75.12 trillion ($2.86 billion) public-private partnership (PPP) project to rehabilitate the heavily polluted Nhue river, combining flood control upgrades, dredging, and wastewater treatment infrastructure.

Infrastructure - Mon, July 13, 2026 | 5:35 pm GMT+7

Vietnam property developers raise over $2.3 bln through private bond placements in June

Vietnam property developers raise over $2.3 bln through private bond placements in June

Vietnam’s real estate developers accelerated bond issuance via private placement in June, raising more than VND60.66 trillion ($2.31 billion) in a single month, the highest monthly issuance value recorded by the sector so far this year.

Finance - Mon, July 13, 2026 | 3:58 pm GMT+7

Three stock groups to offer strong earnings growth in H2

Three stock groups to offer strong earnings growth in H2

Vietnam's largest asset manager Dragon Capital expects the country's banking, consumer goods and materials sectors to deliver the strongest earnings growth in the second half of 2026, supported by accelerated public infrastructure spending and government policies aimed at strengthening domestic growth drivers.

Finance - Mon, July 13, 2026 | 1:53 pm GMT+7

Vietnam's garment manufacturers face mounting headwinds

Vietnam's garment manufacturers face mounting headwinds

Despite first-half solid business performance by some major manufacturers such as Vinatex and TNG, the Vietnamese textile-garment sector continues to face pressure from weak demand, rising costs and intensifying competition heading into the second half of the year.

Economy - Mon, July 13, 2026 | 12:52 pm GMT+7

HCMC: Apartments nearly sold out, affordable homes still in short supply

HCMC: Apartments nearly sold out, affordable homes still in short supply

Despite the apartment absorption rate exceeding 99% in Ho Chi Minh City, a growing imbalance between high-end supply and demand for affordable homes continues to price many buyers out of the market, said Le Huyen Trang, country head at real estate consultancy JLL Vietnam.

Real Estate - Mon, July 13, 2026 | 10:02 am GMT+7

MUFG eyes investment role in Danang International Financial Center

MUFG eyes investment role in Danang International Financial Center

Japan's financial giant Mitsubishi UFJ Financial Group (MUFG) has expressed interest in joining the Danang International Financial Center as an investor and ecosystem development partner.

Finance - Mon, July 13, 2026 | 8:00 am GMT+7

Capital flows still lag green investment needs in Vietnam: BlackRock Switzerland chair

Capital flows still lag green investment needs in Vietnam: BlackRock Switzerland chair

Vietnam is emerging as an attractive destination for global capital, but investment flows into the country's green transition continue to fall short of financing needs, according to Mirjam Staub-Bisang, chaiwoman of BlackRock Switzerland.

Economy - Sun, July 12, 2026 | 5:57 pm GMT+7

US court dismisses Gilimex’s lawsuit against Amazon, rules Vietnamese firm commits fraud

US court dismisses Gilimex’s lawsuit against Amazon, rules Vietnamese firm commits fraud

A U.S. federal court has dismissed with prejudice a lawsuit filed by Vietnamese textile manufacturer Gilimex (HoSE: GIL) against Amazon, ruling that the company submitted forged documents and committed “fraud on the court” during the litigation process.

Companies - Sun, July 12, 2026 | 11:10 am GMT+7

Stocks poised to benefit from Vietnam's carbon market

Stocks poised to benefit from Vietnam's carbon market

Vietnam's pilot carbon exchange is expected to create opportunities not only for companies with forest assets, renewable energy projects and environmental technologies, but also for firms that have invested early in emissions management, circular production models and environmental, social and governance (ESG) practices.

Companies - Sun, July 12, 2026 | 8:00 am GMT+7

15 Indian tourists dead after speedboat capsizes off Vietnam's Phu Quoc Island

15 Indian tourists dead after speedboat capsizes off Vietnam's Phu Quoc Island

A tourist speedboat carrying 32 Indian visitors capsized off Phu Quoc Island, a top tourism destination in southern Vietnam, on Saturday, killing 15 people.

Society - Sat, July 11, 2026 | 4:29 pm GMT+7

Thai giant CP's Q1 Vietnam revenue drops 11% on weaker farm business

Thai giant CP's Q1 Vietnam revenue drops 11% on weaker farm business

Vietnam remained the second-largest market for Thailand’s Charoen Pokphand Foods (CPF) in the first quarter of 2026, contributing 18% of the group’s global revenue despite a double-digit plunge in sales.

Companies - Sat, July 11, 2026 | 2:55 pm GMT+7