The Ministry of Defense’s Criminal Investigation Agency has issued an investigation conclusion requesting the prosecution of Nguyen Van Hau, Chairman of Phuc Son Company, and eight accomplices for fraud and violation of land management regulations.
Specifically, Mr. Hau is accused of fraudulently selling products at the Nha Trang Commercial-Service-Financial-Tourism Center Project (the “Project”) before meeting the legal requirements.
This is the second case for which Nguyen Van Hau has faced criminal charges.
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Selling Land Before Official Handover
According to the investigation, the Project, with Phuc Son Company as the investor, was to be developed on over 62 hectares of land that belonged to the old Nha Trang Airport, which was handed over by the Air Force Officer School.
During the Project’s implementation, Mr. Hau requested the Air Force Officer School, the Air Defense-Air Force, and the People’s Committee of Khanh Hoa Province to report to the Ministry of Defense for early land handover.
Despite the lack of approval from the Prime Minister regarding the arrangement of the Nha Trang Airport land and the absence of a decision on land allocation from the People’s Committee of Khanh Hoa Province, Mr. Hau took possession of the 62.3-hectare land.
After receiving the land, Hau directed his team to proceed with the Project’s development.
In early 2016, even though the land had not been officially allocated, Mr. Hau introduced a policy allowing company staff, diplomatic partners, and VIP customers to pre-register for products at the Project at preferential prices through investment cooperation agreements.
In total, Phuc Son Company signed investment cooperation agreements and land transfer agreements with 683 individuals, collecting over VND 7,032 billion. The investigation agency determined that Hau had misappropriated this amount from customers.
It was determined that the Project was not authorized to raise capital and did not meet the requirements for transferring land plots to individuals for self-construction, as Phuc Son Company had not fulfilled its financial obligations and had not been granted land use certificates.
Out of the VND 7,032 billion collected, Mr. Hau directed the use of more than VND 3,786 billion for the implementation of three road infrastructure projects related to Nha Trang Airport and its surroundings. The remaining amount was used for personal purposes or allocated to other projects.
Collaborating with an Old Schoolmate
In mid-2017, Mr. Hau introduced the Project to Tran Huu Dinh, an old schoolmate, claiming that it had complete legal documentation and was permitted to raise capital. He offered to sell the project to Dinh at a preferential price.
Initially, Hau signed a land transfer agreement with Dinh, who was supposed to pay 10% of the contract value upfront and then transfer the land to other individuals.
However, as land prices in Khanh Hoa Province started to increase, Hau wanted to sell the lots he had retained and keep a portion of the customer’s money off the books. They agreed that Dinh would handle the sales, and if he could sell the land at a higher price than Hau’s original offer (including the contract price and the premium), he would be entitled to the additional profit.
Following Hau’s instructions, Nguyen Thi Hang, Phuc Son Company’s deputy general director, only declared 10% of the contract value to the company, keeping the rest for other expenditures as directed by Hau.
During the investigation, Hau acknowledged his wrongdoing, showed remorse, and offered to liquidate his assets, totaling over VND 14 billion and 503 taels of gold, to compensate for the damages caused in this case. These assets are what remains after Hau fulfilled his obligations in a previous case tried by the Hanoi Court in July 2025, where he was sentenced to 30 years in prison for bribery, accounting violations, and bidding irregularities.
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Investigation Agency Recommends Resolving Obstacles to Resume the Project According to the Investigation Agency, the Project has been halted due to violations of land and investment procedures. As the Phuc Son Group has not fulfilled its financial obligations and has not been granted land use certificates, it cannot deliver land to customers as promised in the signed contracts. Customers who purchased land at the Nha Trang Airport from Phuc Son Company and Nguyen Van Hau individually have expressed their desire to reach an amicable solution and hope for the Project’s resumption. To protect the interests of these individuals, the Investigation Agency recommends that the People’s Committee of Khanh Hoa Province collaborate with relevant agencies to review and address the issues, allowing the Project to move forward. |
BUI TRANG
– 09:15 30/08/2025
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