business scandals in vietnam

Update news business scandals in vietnam

Police crack down on fake milk, medicine rings over 16-day period

Over just two weeks, Vietnamese police have dismantled multiple large-scale rings producing counterfeit milk, medicines, and health supplements, exposing systemic fraud targeting vulnerable consumers.

Who’s watching? Regulatory blind spots behind $20 million fake milk scandal

A massive counterfeit milk ring reveals dangerous flaws in Vietnam’s food safety system and business ethics.

Counterfeit milk scandal shakes Vietnam’s food safety system

Nearly 600 counterfeit powdered milk brands targeting patients and infants have been exposed, revealing a fraudulent network that earned up to $19.6 million and highlighted major regulatory lapses in product quality oversight and post-market checks.

Truong My Lan’s death sentence upheld, must pay $1.2M court fees

Despite a sentence reduction for fraud, Vietnam’s most high-profile financial criminal remains on death row.

Health Ministry demands review of product records in fake milk scandal

The Ministry of Health has ordered a comprehensive review of product declarations and food safety certifications involving companies tied to a major fake milk production and distribution ring.

Industry ministry clarifies role in $20M counterfeit milk ring

Ministry explains health sector oversight and calls for tighter market surveillance.

While hospitalized, Trinh Van Quyet adds USD 4 million to restitution

The family of Trinh Van Quyet, former Chairman of FLC Group, has recently paid an additional VND 100 billion (approximately USD 4 million), bringing the total restitution to VND 1.072 trillion (around USD 42.8 million).

Nutrition experts appear in ads for company behind massive fake milk scandal

Prominent doctors and nutritionists were featured in promotional clips for a company now under investigation for producing nearly 600 counterfeit milk products targeting vulnerable groups.

Truong My Lan says foreign partners ready to help recover assets

Court hears final plea from Truong My Lan, who highlights support from international investors.

Scandal erupts over fake milk ads featuring celebrities

A fake milk ring shocks consumers as stars like Quang Minh and Van Hugo face backlash for misleading ads.

Kera candy producer fined $9,000, thousands of products destroyed

Dak Lak authorities penalize ASIA LIFE for food safety violations tied to Kera gummies.

Vietnam forms task force to recover assets in Van Thinh Phat case

Vietnam has formed an inter-agency task force to enforce court rulings and recover assets in the massive Van Thinh Phat corruption case, led by Deputy Prime Minister Nguyen Hoa Binh.

Vietnamese prosecutors reject bid for Truong My Lan to aid SCB recovery

The prosecution rebuffed the defense’s proposal, noting SCB’s recovery plan is not subject to appeal trial review.

Dior removes Miss Grand Thuy Tien from campaign amid Kera candy scandal

Miss Grand International 2021 has been quietly erased from Dior’s March campaign as public backlash over a product endorsement scandal grows.

Fanpage and TikTok of Thuy Tien go offline as pressure from scandal mounts

The Miss Grand International 2021 winner’s social media accounts disappeared just days after police linked her to an ongoing product endorsement investigation.

Thai media reacts to Thuy Tien’s involvement in false advertising case

Thai fans are debating whether Miss Grand International 2021 winner Thuy Tien will lose her title after being fined for non-disclosure in a product endorsement.

From role model to defendant: The tragic fall of Quang Linh Vlogs

YouTube star Quang Linh, once beloved for his humanitarian work in Africa, now faces charges of fraud and producing counterfeit food.

Thuan An Group corruption case expands to 3 criminal investigations, 30 suspects

The Ministry of Public Security has launched three major investigations tied to infrastructure contracts and bribery at Thuan An Group.

Where will Truong My Lan get $1.2B to repay victims?

Lawyer reveals three major financial sources - including frozen accounts and seized assets - available for restitution in SCB bond scandal.

Truong My Lan pleads for leniency after life sentence for fraud

Truong My Lan upholds her appeal and vows to take responsibility for over $1.17 billion (28 trillion VND) in damages.