Dinh La Thang, who served as Minister of Transport between August 2011 and February 2016, was sentenced to 10 years in prison for his role in the bidding and accounting fraud in the HCM City-Trung Luong Expressway project, a major toll road in southern Vietnam.

The information and education board of the Ho Chi Minh City Party Committee has decided to suspend Tat Thanh Cang, deputy head of the compilation group for the history of the city’s Party organisation, from work for three months to serve an investigation, the board said on December 20.

The People’s Procuracy of Ho Chi Minh City on December 16 commenced legal proceedings against Tat Thanh Cang, former permanent vice secretary of the municipal Party Committee, to investigate for “violations of regulations on management and use of State assets, causing losses”.

The People’s Court of Ho Chi Minh City on December 14 opened a first-instance trial over bidding and accounting fraud in the HCM City-Trung Luong Expressway project, a major toll road in southern Vietnam.

VOV.VN - The State-run Vietnam Asset Management Company (VAMC) has initiated plans to establish a debt trading floor over the next five years to deal with commercial banks’ non-performing loans and attract investors.

The Supreme People’s Procuracy has issued an indictment prosecuting former transport officials and their accomplices involving in the case of Dinh Ngoc He (alias “Ut troc”), who appropriated over VND725 billion (US$31.3 million) from toll collection on the HCM City-Trung Luong Expressway.

Nguyen Thanh Tai, former Vice Chairman of the Ho Chi Minh City People's Committee, and four accomplices involved in the case “violating regulations on the management and use of State assets, causing losses and wastefulness” have filed an appeal against the judgments which were announced at the first instance trial.

The Vietnam Oil and Gas Group (PetroVietnam) continued to top the Profit500 list, which names the 500 most profitable enterprises in Vietnam, in 2020.

The People’s Court of HCM City on September 16 opened a first-instance trial against Nguyen Thanh Tai, former Chairman of the municipal People’s Committee, and a number of other defendants, on charges of “violating regulations on the management and use of State assets, causing losses and wastefulness”.

The Ministry of Public Security’s Investigation Security Agency on August 28 decided to detain for four months and launch criminal proceedings against Chairman of the Hanoi People’s Committee Nguyen Duc Chung.