former vietnam officials face bribery charges in oil company trial

Fifteen individuals, including a former deputy trade minister and an ex-provincial party chief, are currently on trial for bribery charges related to Xuyen Viet Oil in Ho Chi Minh City. The trial is part of a larger effort to combat corruption in Vietnam.

Mai Thi Hong Hanh, the former director and chairwoman of Xuyen Viet Oil, is accused of violating management regulations and misusing state assets, resulting in a financial loss of 1.46 trillion dong (approximately $57.5 million). Hanh and her associates allegedly offered bribes totaling $1.3 million to government officials in order to overlook violations related to the petroleum price stabilization fund and to gain favorable treatment in licensing and procurement processes.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings