State utility EVN suffers huge losses from renewable energy licensing violations
Violations in granting electricity operation licenses and accepting commercial operation dates for a number of solar power projects have caused damage worth hundreds of billions of VND (VND100 billion = $4.04 million) to state utility Vietnam Electricity (EVN).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank inspector arrested for appropriating $226,000
Pham Trong Cuong, an inspector at the State Bank of Vietnam's Ho Chi Minh City Branch, has been accused of using fake documents to borrow VND5.5 billion ($226,000) from a financial company and then appropriating it.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Highlands province chairman arrested for accepting bribes
Tran Van Hiep, chairman of Vietnam’s Central Highlands province of Lam Dong, has been arrested and issued with a search warrant on charges of “receiving bribes”, the Ministry of Public Security announced Tuesday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ex-lawmaker arrested for extortion in Thai Binh province
The Thai Binh province police's investigation agency has arrested Luu Binh Nhuong, a former lawmaker and currently a vice head of the National Assembly’s Ombudsman Committee.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to intensify crackdown on stock market manipulations
Vietnam’s Ministry of Public Security will launch a campaign to intensively check, clarify and handle violations on the stock market, especially “manipulation” and “fraud to appropriate assets.”
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Thanh Hoa province chairman placed under house arrest over land price violations
Nguyen Dinh Xung, former chairman of central Vietnam's Thanh Hoa province, has been banned from leaving his residence from Saturday, pending investigations into his suspected involvement in the Hac Thanh Tower project.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
$1.23 billion, 42,000 investors: property developer Van Thinh Phat accused of fraud
HCMC-based property developer Van Thinh Phat Group and several other firms misappropriated over VND30 trillion ($1.23 billion) from 42,000 investors via fraud in bond issuance, investigators have concluded.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi officials to be investigated for deadly mini apartment fire
Officials from Hanoi’s Thanh Xuan district and Khuong Dinh commune will be investigated for an apartment fire that killed 56 people and injured 37 others on September 12, said Major General Nguyen Thanh Tung, deputy director of the Hanoi Police, on Monday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former HCMC planning leader arrested in AIC Group equipment bidding scam
Tran Thi Binh Minh, former deputy director of Ho Chi Minh City's Department of Planning and Investment, has been accused of abusing her position and power in approving project adjustments and cost estimates in violation of the law, causing damage to state property.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam police investigate cryptocurrency fraud
Vietnam’s Ministry of Public Security is investigating a case of possible fraud related to the trading of the Pi cryptocurrency, said Major General Le Xuan Minh, vice head of the ministry’s department of cybersecurity and anti-high-tech crime.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam police warn of phone bank loan scams
The Ministry of Public Security has warned members of the public about a spate of phone scams involving con artists offering low-interest loans from well-known banks.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Manulife Vietnam boss promises settlements for all bancassurance-related customer complaints
Canadian-backed life insurer Manulife Vietnam will solve customer complaints regarding its bancassurance services via Saigon Commercial Bank, the company’s chairman Sachin Shah said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s lending institutions lack responsibility: police official
Some consumer finance institutions in Vietnam have failed to fulfil their responsibilities by providing loans without vetting borrowers thoroughly, said Lieutenant General Tran Ngoc Ha, director of the Criminal Police Department.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Public security ministry detects asset appropriation via payday loans
Police across Vietnam have recently detected cases involving asset appropriation by businesses posing as financial services firms, who conduct illegal debt collection.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Home Credit responds to police presence at headquarters
Ho Chi Minh City police worked with Home Credit Vietnam on Tuesday as part of their checks being carried out on consumer finance companies, the firm said.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Police launch latest raid on F88 transaction points in An Giang province
An Giang province police on Monday simultaneously checked compliance with the law of all transaction points owned by Vietnamese financial services firm F88 in the locality.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Police inspect scandal-hit F88 transaction points in Soc Trang province
The Soc Trang provincial police conducted inspections at all 11 transaction points of Vietnamese financial services company F88 on Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
From rags to riches story ends in police probe
Vietnamese businessman Phung Anh Tuan started out running a small pawnshop but has since built one of the best know financial services firms in Vietnam with a presence across the country, but now the company has found itself in hot water with the police.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Consumer finance firm F88 headquarters searched after property appropriation claim
Ho Chi Minh City police searched the headquarters of Vietnamese financial services company F88 in Go Vap district on March 6 morning on suspicion of property appropriation.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former chief of Hai Phong city police detained
Major General Do Huu Ca, former director of Hai Phong city's Police, was detained Saturday on suspicion of being involved in a case of tax evasion and illegal purchase and sale of invoices.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
ACB Securities counters claims of Eximbank trading violations
Vietnamese brokerage firm ACB Securities claims it has not violated the law relevant to trading of Vietnamese lender Eximbank (EIB) shares.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
86 fake bank employees arrested for money heist
About 100 policemen stormed three offices in Ho Chi Minh City on Wednesday and arrested 86 people pretending to be bank credit officers to appropriate money.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hanoi firms’ civil dispute likely to turn into criminal case
A civil dispute between two companies in Hanoi is likely to become a criminal case after one unilaterally confiscated the office of the other.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Police unblock assets of 20 'Van Thinh Phat scam-related' firms
The Ministry of Public Security’s investigative agency has reverted its asset freezing decision for 20 among the 762 "Van Thinh Phat Group scam-related" companies.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese suspect arrested in Vietnam
Zhang Guo Zhong, 50, wanted by Chinese police for gangster activities and murder, was arrested Friday while hiding in Binh Duong province, southern Vietnam.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Police ask 8 involved in AIC Group equipment bidding scam to surrender
Eight Vietnamese people suspected of involvement in a scam at the AIC Group regarding medical equipment procurement are absconding and should surrender, says the Ministry of Public Security.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup chairman not banned from country exit: public security ministry
Pham Nhat Vuong, chairman of Vietnam's largest private company Vingroup, has not been banned from leaving the country, the Ministry of Public Security stated Saturday.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hot facebooker gets 2 years in prison for disseminating 'false' information
Dang Nhu Quynh, a well-known Facebooker in Hanoi, was sentenced Thursday to two years in prison for posting “false” information, negatively affecting businesses and the stock market.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Security ministry rejects rumors more major enterprises face criminal charges
Vietnam is intensifying its years-long anti-graft drive, but authorities are not criminalizing economic activities and civil ties, Ministry of Public Security spokesperson To An Xo said Tuesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Dong Nai former Party chief, former chairman arrested
Tran Dinh Thanh, former Party secretary of Dong Nai, and Dinh Quoc Thai, former chairman of the southern province, were detained Wednesday for accepting bribes in a hospital investment scam.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Van Thinh Phat boss arrested for corporate bond fraud
Truong My Lan, chairwoman of HCMC-based property developer Van Thinh Phat Group, was arrested Saturday for alleged fraud in the issuance and trading of corporate bonds in 2018 and 2019.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
HCMC anti-smuggling cop in the dock for smuggling
Hoang Duy Tien faces prosecution for overseeing the smuggling of goods worth VND211 billion ($8.9 million) when he was an officer with the HCMC economic police division.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Government Office official arrested in pandemic repatriation scandal
Nguyen Thanh Hai, director of international relations at the Government Office, was detained Tuesday on charges of accepting bribes in the “rescue flight” scam that brought Vietnamese citizens home during the pandemic.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hai Duong Party chief arrested over Covid test kit scam
Pham Xuan Thang, former Secretary of Hai Duong’s Party Committee, has abused his positions and power to issue illegal directions, allowing the Viet A Company to reap windfall profits illicitly, say investigative authorities.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong police arrest karaoke owner after fire disaster
Police in Binh Duong province have arrested Le Anh Xuan, 42, owner of the karaoke where a fire killed 32 last week.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
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