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2 clusters · 3 sources · 8 days · First seen · Last updated

Vietnam electricity sector corruption investigations

Overview

The Vietnamese electricity sector is undergoing significant leadership restructuring following corruption investigations by the Ministry of Public Security.

At EVNPECC3, the detention of Chairman Nguyen Nhu Hoang Tuan, General Director Lac Thai Phuoc, and Chief Accountant Pham Hoang Vinh led to the appointment of Ho Anh Tung as Deputy General Director. This occurred alongside mixed financial results for the company, where net revenue fell 54% year-on-year in Q2 2026.

Concurrently, the National Power Transmission Corporation (EVNNPT) appointed Nguyen Quang Trung as Chairman and Hoang Xuan Khoi as Acting General Director. These changes follow a probe into the 500kV circuit 3 line project, which resulted in the prosecution of 47 defendants across 13 companies for offenses including bidding violations, embezzlement, and bribery.

Entities

Lac Thai Phuoc · Ho Anh Tung · Ministry of Public Security · Pham Hoang Vinh · EVNPECC3

Timeline

  1. 7 days ago

    [BUSINESS] 3 sources
    EVNNPT appoints new Chairman following corruption probe

    EVNNPT has appointed Nguyen Quang Trung as Chairman amid a major corruption probe involving 47 defendants and violations in a 500kV power line project.

  2. 14 days ago

    [BUSINESS] 2 sources
    EVNPECC3 appoints new Deputy General Director after executive detentions

    EVNPECC3 has appointed a new Deputy General Director following the detention of its Chairman, General Director, and Chief Accountant by Vietnamese police.

Sources

baochinhphu.vn · cafebiz.vn · cafef.vn