Former minister of industry and trade prosecuted for causing huge loss

The Supreme People’s Procuracy on September 14 issued an indictment to prosecute former Minister of Industry and Trade Vu Huy Hoang and his accomplices for their involvement in a violation case related to the land plot at 2-4-6 Hai Ba Trung Street in HCM City.

Former Minister of Industry and Trade Vu Huy Hoang (Source: VNA)
Former Minister of Industry and Trade Vu Huy Hoang (Source: VNA)

The Supreme People’s Procuracy on September 14 issued an indictment to prosecute former Minister of Industry and Trade Vu Huy Hoang and his accomplices for their involvement in a violation case related to the land plot at 2-4-6 Hai Ba Trung Street in HCM City.

Those also prosecuted former Director of the Ministry of Industry and Trade (MoIT)’s Light Industry Department Phan Chi Dung, Former Vice Chairman of the HCM City People’s Committee Nguyen Huu Tin, former Director of the municipal Department of Natural Resources and Environment Dao Anh Kiet, and six others.

This is the latest developments in the case of “violating regulations on the management and use of State assets, causing losses and wastefulness” and “violating regulations on land management” which occurred at the MoIT and in HCM City and were related to the construction of a six-star hotel and trade and convention centre on the over 6,000sq.m land plot. This is an extremely serious case which has drawn public concern.

Hoang and his accomplices intentionally violated regulations on the management and use of State assets and land management by shifting the right of management and use of the land plot at 2-4-6 Hai Ba Trung Street from the State to a private company, causing a huge loss of over 2.7 trillion VND (116.5 million USD).

VNA

Other News

Vietnam moves to adapt to rapid population ageing, expand silver economy

Vietnam moves to adapt to rapid population ageing, expand silver economy

The International Day of Older Persons 2026, themed “The Age of Longevity: Rethinking Systems for Longer Lives,” highlights the need to develop healthcare, social security, labour-market and social-service systems in response to increasing life expectancy. For Vietnam, rapid population ageing is not only a demographic issue but also a development challenge.

Vietnamese, Lao localities bolster Front cooperation

Vietnamese, Lao localities bolster Front cooperation

Both sides agreed to keep educating officials, Party members, youth union groups and the broader public, especially young people in both provinces, on the great friendship, special solidarity, comprehensive cooperation and strategic cohesion between Vietnam and Laos.

Urgent rescue launched for Merchant Mariner off Quang Ngai

Urgent rescue launched for Merchant Mariner off Quang Ngai

The captain discovered water entering ballast tanks No. 4, 5 and 6 on the port side, causing the vessel to list slightly. Initial assessments indicated that the vessel may have struck an underwater rock formation while underway.

Publishing copyright caught in crossfire of piracy, AI

Publishing copyright caught in crossfire of piracy, AI

Publishing copyright is entering an entirely new phase. As AI becomes increasingly capable of generating text, summarising books, mimicking writing styles and producing content at enormous speed, ensuring copyright protection is becoming more difficult.

Heavy rains cause widespread damage in Phu Tho, Thanh Hoa

Heavy rains cause widespread damage in Phu Tho, Thanh Hoa

Prolonged heavy rains from September 13–17 have caused flooding and landslides, damaging homes, crops, roads and infrastructure in Phu Tho and Thanh Hoa provinces, with local authorities mobilising forces for emergency response.

Quang Ninh police bust 38.4 million USD transnational cybercrime ring

Quang Ninh police bust 38.4 million USD transnational cybercrime ring

Quang Ninh city's Public Security Department warned individuals, agencies and businesses not to publicly disclose or provide personal information or bank account details on social media, and urged organisations and businesses to strictly comply with regulations on protecting customers’ personal data.

Search area expanded to recover more martyrs' remains in Quang Tri

Search area expanded to recover more martyrs' remains in Quang Tri

The continued recovery of martyrs’ remains provides valuable information and further evidence of those who fought and sacrificed their lives for national independence and freedom. It also encourages search teams to persist in locating fallen soldiers still lying on former battlefields, contributing to the effective implementation of the 500-day campaign and reflecting Vietnam’s long-standing tradition of gratitude.

Vietnam to screen students nationwide for five health risks from 2028

Vietnam to screen students nationwide for five health risks from 2028

Vietnam will launch nationwide screening for five groups of school-related diseases and health conditions among students from preschool through high school from 2028, including overweight and obesity, refractive errors, spinal curvature, oral diseases and mental health disorders.