The public is closely following the news of Shark Binh (real name Nguyen Hoa Binh, born in 1981) being prosecuted and detained. It has been reported that Mr. Nguyen Hoa Binh and nine others have been charged with Fraudulent Appropriation of Property and Violation of Accounting Regulations, leading to severe consequences.
According to investigations by authorities, despite the “Antex Digital Currency” project not progressing as planned, Mr. Binh and other shareholders of NextTech Group agreed to withdraw funds from the project’s main wallet. These funds were transferred to the personal digital wallets of certain individuals involved, then converted into Vietnamese Dong (VND) and distributed among them. Additionally, funds were transferred to companies within the NextTech ecosystem for purposes unrelated to the investors’ intended use.
As a result, the future of NextTech Group, founded by Shark Binh, remains uncertain.
Mr. Nguyen Hoa Binh at the police station. Photo: CACC
As of the evening of October 14, 2025, according to the National Business Registration Portal, NextTech’s full name is NextTech Group Joint Stock Company, formerly known as NextTech Group Limited Liability Company. The company was established on February 21, 2013, with its primary business activity being a travel agency.
The company’s current headquarters is located on the 3rd floor of VTC Online Building, 18 Tam Trinh Street, Minh Khai Ward, Hai Ba Trung District, Hanoi (now Vinh Tuy Ward, Hanoi). The legal representative and CEO of NextTech is Mr. Dao Manh Dung, not Mr. Nguyen Hoa Binh.
Information about NextTech on the National Business Registration Portal shows Mr. Dao Manh Dung as the legal representative (Screenshot)
The positions of legal representative and CEO of NextTech have changed multiple times over the years.
When Mr. Binh first founded PeaceSoft (the predecessor of NextTech) in 2001, he was the sole founder and held all positions within the company. By 2006, after receiving foreign investment and expanding its workforce, Mr. Binh became the Chairman of the Board and CEO.
In 2013, PeaceSoft restructured and became NextTech.
As of December 2020, when NextTech’s registered capital reached 500 billion VND, Mr. Nguyen Hoa Binh remained the Chairman of the Board, CEO, and legal representative.
In 2022, the CEO position was transferred from Mr. Binh to Mr. Dao Minh Phu. Since April 2024, Mr. Dao Manh Dung has held this position.
During this period of CEO changes, NextTech’s registered capital also experienced significant fluctuations. Specifically, in October 2023, the company’s registered capital decreased sharply from 500 billion VND to only 4.2 billion VND.
On NextTech’s official website, Mr. Nguyen Hoa Binh is introduced as the Founder, Chairman, and Startup Director.
Information about Shark Binh on NextTech’s website
Mr. Dao Manh Dung, born in 1986, maintains a low profile. In addition to being the CEO of NextTech, he is associated with several other companies within the ecosystem.
One such company is Phuc An Hai Investment LLC, established in August 2023, with Mr. Dung as its legal representative. By November 2023, Phuc An Hai became a shareholder of NextTech, holding 0.5% of the registered capital.
Initially, Phuc An Hai had a registered capital of 3.8 billion VND. By July 2024, this figure increased significantly to 127 billion VND.
Mr. Dung also serves as the Chairman of the Board, CEO, and legal representative of NextLand Real Estate Investment and Business JSC. This company was founded by Shark Binh in 2021 with a registered capital of 20 billion VND. At its peak in April 2022, the company’s registered capital reached 150 billion VND, but by September 2025, it had decreased to 73 billion VND.
Furthermore, Mr. Dung has been the legal representative of several other companies that have been dissolved or suspended, including Univest Financial Technology JSC, MD Management Services LLC, NextFin Investment JSC, and Love Nest Vietnam Pharmaceutical and Cosmetic Trading JSC.
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Unveiling the Truth: Hanoi Police Investigate Shark Binh’s Ngan Luong Payment Gateway Operations
In the case involving NextTech Group Joint Stock Company, chaired by Mr. Nguyen Hoa Binh (Shark Binh), the Hanoi Police Investigation Agency is expanding its investigation to verify and clarify the activities of the Ngan Luong payment gateway.
Hanoi Police Release Details on Shark Binh Case
In connection with the case of Shark Binh (aka entrepreneur Nguyen Hoa Binh), the Hanoi City Police will hold a press conference to release official information.
Shark Bình Arrested
Renowned entrepreneur and investor, Mr. Nguyen Hoa Binh, widely known as Shark Binh, has been charged with fraud and embezzlement, along with violations of accounting regulations resulting in severe consequences.
