Vietnam Commercial Import-Export Investment Joint Stock Company (HOSE: VPG) has just reported the trading results of related persons of insiders.
Accordingly, Ms. Vu Thi Ha, wife of Mr. Chu Tuan Anh (Member of the Board of Directors), has completed the sale of 132,200 VPG shares, reducing her ownership to 0% for personal spending purposes. It is estimated that Ms. Ha earned approximately VND 1 billion from this divestment.
On the stock market, VPG shares have been continuously plummeting, with the fifth consecutive session of floor price decline. At the end of the trading session on June 9, the VPG share price stood at VND 8,380/share.
The VPG share price continuously hit the floor after news broke that Mr. Nguyen Van Binh, Chairman of the Board of Directors of Viet Phat, was prosecuted by the Investigation Police Agency for Corruption, Economy, and Smuggling (C03) under the Ministry of Public Security on charges of “Bribery”.
In the same case, Mr. Nguyen Van Duc, General Director of the company, was also prosecuted for the same offense.
These individuals are related to a criminal case involving violations at Vietnam-China Mineral and Metallurgy JSC (VTM) and several other related units.
 Immediately after Mr. Binh’s prosecution, Viet Phat proceeded to replace its senior management. Specifically, Mr. Nguyen Van Binh was dismissed from the position of Chairman, and Ms. Le Thi Thanh Le, Mr. Binh’s wife and currently a Member of the Board of Directors and Deputy General Director, was appointed as the new Chairwoman for the term 2022-2027, effective June 3, 2025.
It is known that Viet Phat Group was established in 2008, initially as a domestic transportation enterprise with about 20 employees.
After nearly two decades of operation, the company has expanded into various fields such as minerals, real estate, and has become a partner of large domestic corporations such as EVN, PVN, and Hoa Phat.
“VPG Stock Plunges as Chairman and CEO Face Prosecution”
Based on the investigation results, the two individuals are charged with bribery, as outlined in Article 364 of the Penal Code.
