On June 3, the Ministry of Public Security announced that the C03 Department of Investigation of Crimes of Corruption, Economy, and Smuggling (under the Ministry of Public Security) has focused on investigating signs of “Violation of regulations on the management and use of state assets, causing waste and loss” at the Vietnam-China Mineral and Metallurgy Joint Stock Company (VTM). This case is under the direction of the Central Steering Committee for Corruption, Waste, and Negative Behavior Prevention.
The accused, from left to right: Bui Thanh Binh, Nguyen Van Binh, Ngo Tien Cuong, Nguyen Duy Nghiep, Nguyen Xuan Tot, Nguyen Van Duc, Le Xuan Dinh, and Nguyen Truong Giang. Photo: Ministry of Public Security
During the investigation, on June 2, C03 decided to initiate a criminal case regarding “Violation of regulations on the management and use of state assets, causing waste and loss; Bribery; Accepting bribes; and Brokerage of bribes,” which occurred at VTM and related units.
C03 also decided to prosecute and apply preventive measures, as well as conduct searches, against Bui Thanh Binh, General Director of VTM, for two crimes: “Violation of regulations on the management and use of state assets, causing waste and loss” and “Taking bribes.”
Nguyen Van Binh, Chairman of Vietnam Phat Import-Export Trading Joint Stock Company; Ngo Tien Cuong, Director of Tien Dai Phat Limited Company; Nguyen Duy Nghiep, Director of An Binh Agricultural Products Import-Export Company Limited; Nguyen Xuan Tot, Director of Trung Thanh Thai Nguyen Company Limited; and Nguyen Van Duc, General Director of Vietnam Phat Import-Export Trading Joint Stock Company, were all prosecuted for the crime of “Giving bribes.”
Le Xuan Dinh was prosecuted for “Brokerage of bribes,” and Nguyen Truong Giang, former Head of the Quality Management and Metrology Department of VTM, was prosecuted for “Taking bribes.”
The Investigation Agency of the Ministry of Public Security is continuing to investigate and expand the case to clarify the violations and responsibilities of related units, enterprises, and individuals, as well as verify information to confiscate and freeze assets to recover state property.
“Bribery Scandal Taints VPG’s Leadership: Stock Plunges as Chairman’s Spouse Faces Charges”
After nearly 17 years, Vietnam Investment and Import-Export Trading Corporation (HOSE: VPG) unexpectedly appointed a new Chairman of the Board. This leadership change occurs amidst the recent indictment of the company’s founder, Nguyen Van Binh, on bribery charges. As a result, the Board of Directors has named Le Thi Thanh Le, Mr. Binh’s wife, as the new Chairwoman and legal representative of the company, effective June 3rd, 2025.
The Central Inspection Commission: Disciplinary Action and Recommendations for Officials
On May 29, in Hanoi, the 56th meeting of the Central Inspection Commission was held, chaired by Politburo member, Secretary of the Party Central Committee, and Head of the Central Inspection Commission Nguyen Duy Ngoc.
“Former Chairman of Vietnam Rubber Group, Tran Ngoc Thuan, Faces Disciplinary Action: What You Need to Know”
The Central Inspection Committee has proposed that competent authorities consider disciplinary action against Mr. Tran Ngoc Thuan, former Chairman of the Vietnam Rubber Group (VRG). Mr. Thuan is accused of moral and political degeneration, as well as violations of Party regulations and state laws.
Indictment and Arrest of the Chairman of the People’s Committee and Four Subordinate Officials
Corruption within the ranks: Officials have been taking bribes to turn a blind eye to illegal construction on agricultural land.
MP: Asset Recovery from Truong My Lan Case Could Fund 50% of the North-South High-Speed Rail Project
“Take the Truong My Lan case involving SCB, for instance, where the estimated losses ran into trillions of dong. If we could recover the massive assets from this case, we would’ve had the means to construct 50% of the high-speed North-South railway line,” Mr. Hoa emphasized.
