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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Vietnam’s stock market upgrade prospects remain in focus ahead of the FTSE Russell mid-year review due on April 8, 2026. SSI Research said the decision will be a pivotal test for Vietnam’s transition from a frontier market to an emerging market, a milestone that could open the door to a…
A first-instance trial opened at the Ho Chi Minh City People’s Court on 7 April 2026 in a case involving alleged violations of state asset management that prosecutors say caused losses of more than 542 billion VND.
The defendants include:
According to the indictment, during the arrangement and disposal of the land plot 39-39B Ben Van Don (Xom Chiue Ward, Ho Chi Minh City), the defendants from the Rubber Group and related units allegedly violated rules on state asset management by transferring state assets without valuation or auction, as required.
Prosecutors also allege that some defendants committed bribery, abuse of power, and negligence, contributing to losses to the state of more than 542 billion VND.
The Prosecutor determined that Le Quang Thung leveraged his position to strike a deal to receive 3 million USD from Le Y Linh and Đặng Phước Dừa. Prosecutors said that, in reality, Thung received 200,000 SGD twice and 300,000 USD.
Prosecutors further alleged that, as chairman and CEO of the Rubber Group, Thung was responsible for managing the 39-39B Ben Van Don land plot, but ordered subordinates to transfer it from state property to private ownership without valuation or auction, causing losses of 542 billion VND.
Regarding Nguyễn Thị Như Loan, prosecutors said she knew the land was state property but still facilitated payments to Le Y Linh and Đặng Phước Dừa, after which the land was transferred back to Loan, yielding her about 297.8 billion VND in gains.
The indictment also states that Nguyễn Thị Hồng and Đào Thị Hương Lan, motivated by profit, carried out procedures rearranging and disposing of the land contrary to regulations, contributing to state asset losses.
Lan fled and is being sought by police.
The trial continues as prosecutors seek accountability for the alleged losses and mismanagement tied to the land transaction.
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