Samsung staff hit with jail terms in meal supply bribery scam

By Tri Duc
Wed, September 14, 2022 | 8:13 pm GMT+7

A court in Bac Ninh province has handed 18 defendants jail terms for giving or taking bribes in a meal supply scam at Samsung Electronics Vietnam (SEV) and Samsung Electronics Vietnam Thai Nguyen (SEVT).

Defendants in court, Bac Ninh province, northern Vietnam on September 12, 2022. Photo courtesy of Labor newspaper.

Defendants in court, Bac Ninh province, northern Vietnam on September 12, 2022. Photo courtesy of Labor newspaper.

Accordingly, Welstory Vietnam Company Limited and Tristar Catering Company Limited were meal suppliers to SEV and SEVT. Staff from Samsung, the two meal suppliers, and food suppliers are typically in charge of checking food quality.

Between January 2018 and February 2020, staff of SEV, SEVT, and Welstory Vietnam received bribes of about VND8 billion ($340,000) from 28 food suppliers to facilitate or ignore mistakes during the procurement of food.

At the first-instance trial, the court in Bac Ninh, northern Vietnam handed the heaviest punishments of 20 years in jail to Nguyen Van Diep, 30, Samsung staff; and 18 years to Nguyen Thanh Nam, 45, chief chef of Welstory Vietnam.

Other defendants were given sentences between 15 years and suspended sentences of two years.

Lunch meals at Samsung. Photo courtesy of the company.

Lunch meals at Samsung. Photo courtesy of the company.

Samsung is the largest foreign investor in Vietnam. About 60% of the South Korean group's smartphones are made in Vietnam and the group has invested more than $20 billion as of June 2022, about 28 times higher than its initial commitment.

The total net profit earned by the tech giant’s four units in Vietnam - Samsung HCMC CE Complex (SEHC), Samsung Display Vietnam (SDV), Samsung Electronics Vietnam (SEV) and Samsung Electronics Vietnam Thai Nguyen (SEVT) - rose 11.7% year-on-year to $1.43 billion in the first quarter of 2022, according to Samsung’s financial report for the period.

Comments (0)
  • Read More
US Treasury retains Vietnam on ‘monitoring list’ for currency management

US Treasury retains Vietnam on ‘monitoring list’ for currency management

Vietnam, a major trading partner, remains on the U.S. Treasury Department’s “monitoring list,” the department has affirmed in its November 2024 report to the Congress.

Economy - Fri, November 15, 2024 | 4:48 pm GMT+7

Vietnam developer Becamex IDC plans to auction 300 mln shares

Vietnam developer Becamex IDC plans to auction 300 mln shares

Becamex IDC Corp, a leading eco-industrial and urban real estate developer in Vietnam, plans to auction 300 million shares with a minimum starting price of VND50,000 ($1.97) apiece on the Ho Chi Minh Stock Exchange (HoSE).

Companies - Fri, November 15, 2024 | 4:43 pm GMT+7

Vietnam shares end in red as US dollar climbs to new high

Vietnam shares end in red as US dollar climbs to new high

The U.S. dollar has strengthened against the Vietnamese dong to reach a fresh high on Friday, hampering investor sentiment on the stock market.

Finance - Fri, November 15, 2024 | 4:34 pm GMT+7

IFC invests $1.6 bln in Vietnam, focusing on green transition, private sector resilience

IFC invests $1.6 bln in Vietnam, focusing on green transition, private sector resilience

IFC, the private sector lending arm under the World Bank Group, has committed to provided loans totaling over $1.6 billion, including more than $750 million in long-term finance, in Vietnam in its fiscal year ending June 30.

Banking - Fri, November 15, 2024 | 3:09 pm GMT+7

Danang free trade zone earmarked as integrated business urban area

Danang free trade zone earmarked as integrated business urban area

Danang city in central Vietnam has proposed the establishment of a free trade zone (FTZ) as an integrated business urban area to fully capitalize on the city's development advantages.

Economy - Fri, November 15, 2024 | 2:49 pm GMT+7

Vietnam mulls tax relief for Thailand SCG, Korea Hyosung's petrochemicals projects

Vietnam mulls tax relief for Thailand SCG, Korea Hyosung's petrochemicals projects

Deputy Prime Minister Tran Hong Ha has asked the Ministry of Finance to discuss and draft feasible solutions regarding import-export taxes per suggestions of Long Son Petrochemicals and Hyosung Vina Chemicals.

Industries - Fri, November 15, 2024 | 12:49 pm GMT+7

LG Display invests $1 bln more in Vietnam, $5.65 bln in total

LG Display invests $1 bln more in Vietnam, $5.65 bln in total

LG Display, under South Korea’s chaebol LG, will invest $1 billion more in Vietnam’s northern coastal city of Hai Phong, scaling up its investment in the locality to $5.65 billion.

Industries - Fri, November 15, 2024 | 10:17 am GMT+7

Central Vietnam province Binh Dinh proceeds with 150 MW wind power plant

Central Vietnam province Binh Dinh proceeds with 150 MW wind power plant

The administration of Binh Dinh province in south-central Vietnam has announced it will proceed with a VND5.5 trillion ($230 million) investment plan to build a 150 MW wind power plant.

Energy - Fri, November 15, 2024 | 9:32 am GMT+7

Vietnam real estate credit situation positive despite bond risks: VIS Rating exec

Vietnam real estate credit situation positive despite bond risks: VIS Rating exec

Credit accessed by Vietnamese real estate businesses has risen by 15-16% so far this year, said Duong Duc Hieu, director of rating and research at Hanoi-based Vietnam Investors Services (VIS Rating).

Real Estate - Fri, November 15, 2024 | 7:45 am GMT+7

WB approves $750 mln loan to boost Philippines' digital transformation

WB approves $750 mln loan to boost Philippines' digital transformation

The World Bank (WB) approved a loan of $750 million on Wednesday to help boost digital transformation in the Philippines.

Southeast Asia - Thu, November 14, 2024 | 10:12 pm GMT+7

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

Google forecasts Indonesia to become Southeast Asia’s largest digital economy

A new report by Google, Temasek, and Bain & Company projects that Indonesia's digital economy will reach a gross merchandise value (GMV) of $90 billion in 2024, an annual increase of 13% and the largest figure in Southeast Asia.

Southeast Asia - Thu, November 14, 2024 | 10:06 pm GMT+7

Sekisui Heim Group targets low-cost housing investment in Vietnam

Sekisui Heim Group targets low-cost housing investment in Vietnam

Japan’s Sekisui Heim Group is looking to implement affordable and social housing projects in Vietnam, says Ryuji Saimon, a representative of the group’s subsidiary, Thai SCG Heim.

Real Estate - Thu, November 14, 2024 | 9:53 pm GMT+7

Thailand launches digital durian initiative to boost farmers’ income

Thailand launches digital durian initiative to boost farmers’ income

Thailand’s Digital Economy Promotion Agency (DEPA) has kicked off the One Tambon, One Digital (OTOD) "Digital Durian" project to help 8.8 million durian farmers improve their productivity and set Thai durian standards using digital platforms and innovations.

Southeast Asia - Thu, November 14, 2024 | 9:03 pm GMT+7

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

Vietnam’s resort town Da Lat to have $67 mln ESG realty complex

The One Destination has partnered with a Singapore investor and an institutional fund to build an ESG real estate complex in Vietnam’s famous resort town of Da Lat.

Real Estate - Thu, November 14, 2024 | 7:09 pm GMT+7

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam prepares for 11-15% power supply growth in 2025: ministry

Vietnam expects its electricity supply to grow 11-15% in 2025, Minister of Industry and Trade Nguyen Hong Dien said Thursday, while asking relevant state agencies and power suppliers to make utmost preparations.

Energy - Thu, November 14, 2024 | 7:05 pm GMT+7

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln

South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million.

Industries - Thu, November 14, 2024 | 3:45 pm GMT+7