Society

Phuc Son Group pays 29.3 million USD to fully cover damages

Phuc Son Group on July 3 made an additional payment of 768 billion VND (approximately 29.3 million USD) to remedy damages in the criminal case involving its Chairman Nguyen Van Hau.

Defendant Nguyen Van Hau, former Chairman of Phuc Son Group (Photo: dantri.com.vn)
Defendant Nguyen Van Hau, former Chairman of Phuc Son Group (Photo: dantri.com.vn)

Hanoi (VNA) – Phuc Son Group on July 3 made an additional payment of 768 billion VND (approximately 29.3 million USD) to remedy damages in the criminal case involving its Chairman Nguyen Van Hau.

With this latest payment, added to previously seized funds in Hau’s bank accounts (over 247 billion VND) and amounts submitted earlier in the pre-trial phase (over 84 billion VND), the total compensation has reached 1.164 trillion VND, effectively covering the entire financial damage caused in the case.

Hau was accused by the Supreme People’s Procuracy of committing bribery by taking advantage of personal and professional relationships to give over 132 billion VND to officials at the Provincial Party Committees, People’s Committees, and various departments in former Vinh Phuc and Quang Ngai provinces (now Phu Tho and Kon Tum provinces, respectively).

Through bribery and personal lobbying, Phuc Son Group won multiple tenders in Vinh Phuc, Phu Tho, and Quang Ngai. After winning the contracts, Hau illegally directed the transfer of those projects to other entities, causing losses of more than 459 billion VND to the State, a violation classified as violating bidding regulations causing serious consequences.

Hau also instructed his subordinates to operate two separate accounting systems, resulting in 504 billion VND in tax losses to the State. This conduct was charged as violating accounting regulations causing serious consequences.

For the three criminal acts, the prosecution has recommended a combined sentence of 30 years in prison for Hau. According to the case file, Hau caused a total loss of 963 billion VND through bidding and accounting violations, along with an additional 204 billion VND due to illegal land price adjustments, bringing the overall damage to 1.164 trillion VND.

The Hanoi People’s Court is scheduled to deliver its verdict on July 4 for Hau and the 40 other defendants involved in the Phuc Son Group case./.

VNA
#Phuc Son group #Nguyen Van Hau #bribery #Hanoi People’s Court
Follow VietnamPlus

Related News

At the high-profile trial of 41 defendants involved in the corruption case related to the Phuc Son Group JSC. (Photo: VNA)

Phuc Son Group case: Nguyen Van Hau admits all charges

He acknowledged that the indictment from the Supreme People's Procuracy, which charged him with three offences - violating accounting regulations, causing serious consequences; violating bidding regulations, causing serious consequences; and giving bribes – is accurate, fair, and correct.

Defendants at the court (Photo: VNA)

Phuc Son Group chairman admits to illegally gaining 1.16 trillion VND

Through personal relationships or professional dealings, Chairman of Phuc Son Group Nguyen Van Hau gave a total of over 130 billion VND to local leaders in Vinh Phuc and Quang Ngai provinces. These officials used their positions to execute tasks as requested by Hau, enabling him and Phuc Son Group, as well as Thang Long company, to carry out projects, participate in tenders, and win contracts.

See more

US Ambassador to Vietnam Marc E. Knapper and Vietnamese Deputy Minister of Foreign Affairs Do Hung Viet visit a UXO clearance site in Quang Tri province on April 2, 2025. (Photo: VNA)

Vietnam, US see encouraging results in settling war consequences

The two former adversaries have worked together to tackle the lasting impacts of the war, including UXO detecting and clearance, the search for those missing in action, and dioxin/Agent Orange remediation. These efforts have become a foundation of the Vietnam–US relationship, helping to elevate it to a Comprehensive Strategic Partnership.

Minister of Health Dao Hong Lan speaks at the meeting. (Photo: VNA)

Vietnam’s achievements in population management spotlighted

Vietnam still faces challenges in meeting its population and development goals. These include a rapidly declining birth rate (in 2024, the fertility rate dropped to just 1.91 children per woman) and a rapidly ageing population. Vietnam is among the fastest ageing countries, due to the low birth rate. The imbalance in the sex ratio at birth remains high, and teenage pregnancies are on the rise.

Deputy Head of the Office of the President Pham Thanh Ha chairs the press conference. (Photo: VNA)

Nine newly adopted laws made public

These laws address key areas, including education, employment, taxation, advertising, energy efficiency, and the use of state capital in enterprises.

The Hanoi People’s Court on July 11 issues verdicts for 41 defendants in a major corruption case involving real estate firm Phuc Son Group JSC and senior former provincial officials. (Photo: VNA)

Phuc Son Group Chairman sentenced to 30 years in prison in major corruption trial

Nguyen Van Hau, Chairman and CEO of Phuc Son Group, was charged with giving bribes and violating bidding and accounting regulations, causing serious consequences. He received a combined jail sentence of 30 years - 14 years for bribery, nine years for the bidding violation, and seven years for accounting irregularities.

Peruvian gastronomy week underway in Hanoi (Photo: VNA)

Peruvian gastronomy week held in Hanoi

Following its debut in Bangkok, the Hanoi edition features a variety of traditional Peruvian dishes prepared by Peruvian chefs currently working across Asia.

Capella Hanoi is the only Vietnamese hotel featured in the “Top 15 City Hotels in Asia.” (Source: Sun Group)

Capella Hanoi ranked among the world’s best hotels in 2025

The world-renowned travel magazine Travel + Leisure has just announced the results of its World’s Best Awards 2025, in which Capella Hanoi proudly stands as the only representative from Hanoi, Vietnam to be honoured in both the “Top 100 Hotels in the World” and the “Top 15 City Hotels in Asia.”

The agreement signing ceremony in Hanoi on July 10 (Photo: VNA)

Agreement inked to empower people with disabilities through digital skill training

As part of the initiative “Million-view startup – supporting 20 million Vietnamese youths in start-up,” jointly carried out by SYS Vietnam, TikTok Vietnam, and Nhan Dan Newspaper, this initiative demonstrates efforts and a strong commitment to empowering and ensuring equal opportunities for those who continue to face barriers in accessing information, education, and employment.

General Director of the Vietnam News Agency (VNA) Vu Viet Trang hosts a reception for Chinese Ambassador to Vietnam He Wei in Hanoi on July 10, 2025. (Photo: VNA)

Vietnam News Agency, Chinese embassy discuss boosting collaboration

Highlighting the growing ties between Vietnam and China across politics, defence, security, economy, culture, and people-to-people exchanges, Vietnam News Agency General Director Vu Viet Trang said the close collaboration between media outlets plays an important role in strengthening bilateral relations.

Matt Jackson, Country Representative of the United Nations Population Fund (UNFPA) in Vietnam. (Photo: VNA)

Population ordinance amendment a milestone for human rights in Vietnam: UNFPA official

Granting couples and individuals the right to decide when to have children, how many to have, and the spacing between births, in line with their health, living conditions, work, study, and caregiving capacities, is fully aligned with the principles of the International Conference on Population and Development (ICPD), to which Vietnam is a committed signatory, said the UNFPA Country Representative in Vietnam.

VNA General Director Vu Viet Trang speaks at the roundtable. (Photo: VNA)

Roundtable gathers opinions to better promote Vietnam’s image in new era

As Vietnam is entering a new phase of development with the aspiration to become a strong nation with influence and a solid position in the region and the world, building and defining the national image is not solely the responsibility of the media sector, but an integral part of every component of the country’s overall development strategy, Trang said.

At the working session between VTV journalists and the Cuban Institute of Information and Social Communication. (Photo: VNA)

Vietnam, Cuba to expand media cooperation

The short documentary on a Vietnamese rice cultivation project in Cuba.is scheduled to air on VTV1 in celebration of the 80th anniversary of Vietnam’s National Day (September 2, 1945 – 2025).