Group Paid $29.3 Million to Liquidate All Compensation Claims
In a landmark ruling on July 4, 2025, the Hanoi People's Court handed down its verdict on Defendant Nguyen Van Hau and 40 other defendants involved in the Phuc Son Group case. Hau, the former Chairman and General Director of Phuc Son Group, was accused of multiple crimes, including bribery, violating bidding regulations, and violating accounting regulations, which collectively caused significant financial losses to the State amounting to approximately 1.164 trillion VND (around 50 million USD).
The Supreme People’s Procuracy had recommended a combined prison sentence of 30 years for Hau due to these criminal acts. Hau’s offenses included giving over 132 billion VND in bribes to officials to secure contracts in various provinces, illegally transferring projects causing losses of more than 459 billion VND, and orchestrating dual accounting systems leading to 504 billion VND in tax losses. The total damages also included unlawful land price adjustments of 204 billion VND.
Phuc Son Group, in an effort to make amends, has paid 29.3 million USD in compensation to cover the damages, including funds seized from Hau’s bank accounts and other payments made before the trial. However, the exact details of the court’s sentence for Hau and the other defendants were scheduled to be announced on the same day.
It is noteworthy that Phuc Son Group, under Hau's leadership, had won multiple tenders in provinces such as Vinh Phu (now Phu Tho), Phu Tho, and Quang Ngai (now Kon Tum) through bribery and personal lobbying. These illegal actions have been classified as violating bidding regulations causing serious consequences.
The accounting violations committed by Hau were also charged as causing serious consequences. He instructed his subordinates to operate two separate accounting systems, resulting in significant tax losses to the State. This case serves as a stark reminder of the far-reaching effects of corruption and the importance of upholding integrity in business practices.
[1] Vietnam News, "Hanoi People's Court to deliver verdict on Phuc Son Group case defendants," July 4, 2025. [2] VietnamNet Bridge, "Phuc Son Group Chairman Nguyen Van Hau accused of bribery, violating bidding regulations," June 30, 2025. [3] Tuoi Tre News, "Phuc Son Group Chairman Nguyen Van Hau faces prison sentence of up to 30 years," July 3, 2025.
- The verdict for Nguyen Van Hau, the former head of Phuc Son Group, and 40 other defendants in the Phuc Son Group case was delivered by the Hanoi People's Court on July 4, 2025, after being accused of various crimes related to finance, business, and politics, such as bribery, violating bidding regulations, and accounting violations, which collectively caused significant financial losses to the State.
- The Supreme People’s Procuracy had recommended a combined prison sentence of 30 years for Hau due to these criminal acts, which were committed through means including giving over 132 billion VND in bribes to officials, illegally transferring projects causing losses of over 459 billion VND, and orchestrating dual accounting systems leading to 504 billion VND in tax losses.
- The Phuc Son Group, under Hau's leadership, had won multiple tenders in various provinces, such as Vinh Phu, Phu Tho, and Quang Ngai, through bribery and personal lobbying, and these illegal actions have been classified as causing serious consequences, serving as a stark reminder of the far-reaching effects of corruption and the importance of upholding integrity in business practices.
