Trinh Van Quyet, former Chairman of the Board of Directors of the real estate developer FLC Group JSC, on August 5 was sentenced to 21 years in prison for the charges of "fraudulent appropriation of property" and "stock market manipulation".

The Hanoi People's Court on July 22 opened a first instance trial for 50 defendants in a case occurring at FLC Group Joint Stock Company.

The Supreme People's Procuracy has recently issued an indictment prosecuting 51 defendants in the case of stock market manipulation related to the FLC Group Joint Stock Company.

The Party Central Committee’s Politburo and Secretariat on July 28 imposed disciplinary measures on the Standing Boards of the Party Committee of Thanh Hoa in the 2010-2015 and 2015-2020 tenures, and a number of the central province’s former leaders for violating the Party’s regulations and State laws.

VOV.VN - Prime Minister Pham Minh Chinh has issued a telegram requesting relevant ministries and agencies to intervene to ensure healthy and effective operations of the stock and corporate bond markets.

The Investigation Police Agency under the Ministry of Public Security, on April 8, sent a document to eight banks requesting them to provide information to serve the investigation of the act of stock market manipulation against Trinh Van Quyet, Chairman of FLC Group Joint Stock Company.

Any act that aims at manipulating the stock and corporate bond markets to gain illicit profits will be punished strictly, according to the Ministry of Finance.

The domestic stock market has still been assessed positive despite recent adverse impact, partially thanks to its internal factors, the head of the State Securities Commission (SSC) affirmed on March 31.

The Ministry of Public Security's Investigation Police Agency on March 29 decided to launch criminal proceedings against and arrest Trinh Van Quyet, Chairman of the FLC Group Joint Stock Company, pending investigations into suspicion of stock market manipulation.

Vietnamese and Lao businesses discussed ways to speed up the implementation of large-scale Vietnamese-invested projects in Laos and seek new cooperation projects of strategic importance during a workshop in Vientiane on March 21.