Allegedly, the accused, Nguyen Van Hau, former chairman of Phuc Son Company, transferred land use rights and collected over VND 7,000 billion (approximately $304 million) when the project lacked legal documentation.
In August 2025, five provinces attracted investment with seven projects, totaling nearly VND 31.3 trillion. Notably, Quang Ngai province sought investment for three urban areas, with a total investment of approximately USD 1 billion.
The owner of a prime plot of land, spanning over 2,000 square meters in the heart of District 1, Ho Chi Minh City, has just inked a deal to sell to foreign investors.