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Records carry an evidentiary status. Investigation, allegation and inference are not findings of guilt. Presumption of innocence applies throughout.
Module 10

Land & public asset governance

Land is where public value is created by decision and captured by transaction. This module follows that chain step by step and marks where the record goes dark.

Land cases
4
VERIFIED
Estimated exposure
₫9,750 BN
OFFICIAL ALLEGATION
Public assets involved
63 plots
VERIFIED
Recovery value ordered
₫1,120 BN
COURT PROVEN
Unresolved matters
27
OFFICIAL INVESTIGATION
Total land area cited
412 ha
MEDIA REPORTED
Value chain

Planning → beneficiary

  1. 01
    Planning
  2. 02
    Project approval
  3. 03
    Land allocation
  4. 04
    Valuation
  5. 05
    Auction / transfer
  6. 06
    Developer
  7. 07
    Asset value
  8. 08
    Beneficiary

Steps 4 (valuation) and 8 (beneficiary) are the least documented in public records — that is the governance exposure, stated as an observation about record availability.

5 matters

Public-asset exposure register

Public land valuation and transfer of state-managed plots
CASE-2023-007 · 2023 · Sơn Trà · Land & public assets
₫3,400 BN
COURT PROVEN

Court established that valuation procedures for state-managed plots departed from the applicable methodology.

Amount basis

Loss to the state as quantified in the first-instance judgment.

Legal status

First-instance judgment issued; partial asset recovery ordered.

Source SRC-002 · COURT JUDGMENT
First-instance judgment — public land valuation case
Publisher: People's Court (judgment reference pending)
Published: 2023-05-04 · Last verified: 2026-07-30
HIGH
Inspection conclusion — management of public land plots (multi-year)
CASE-2019-002 · 2019 · Ngũ Hành Sơn · Land & public assets
₫5,200 BN
VERIFIED

Inspection identified systematic departures in land allocation, pricing and auction exemption across multiple plots.

Amount basis

Inspectorate estimate of shortfall in land use levy determination.

Legal status

Administrative remediation ordered; several plots unresolved.

Source SRC-003 · INSPECTORATE
Inspection conclusion — management and use of public land plots
Publisher: Government Inspectorate
Published: 2019-09-10 · Last verified: 2026-06-18
HIGH
Peri-urban land conversion and rapid resale chain
CASE-2021-005 · 2021 · Hòa Vang · Land & public assets
₫1,150 BN
MEDIA REPORTED

Reported sequence of conversions followed by rapid ownership changes among related parties.

Amount basis

Difference between allocation price and resale price within 18 months.

Legal status

No proceedings identified in the cited material.

Source SRC-006 · GOVERNMENT DOCUMENT
Provincial land allocation and auction decisions register
Publisher: City People's Committee
Published: 2022-03-22 · Last verified: 2026-05-09
MEDIUM
Beneficial ownership opacity in coastal asset holdings
CASE-2026-002 · 2026 · Ngũ Hành Sơn · Cross-border
Not quantified
UNVERIFIED / LEAD

Ownership chains for several coastal holdings terminate in foreign intermediaries with no public beneficial owner.

Amount basis

Not quantified — ownership chains incomplete in public records.

Legal status

No proceedings. Lead requires registry and treaty-based verification.

Source SRC-004 · COMPANY REGISTRY
National enterprise registration extract — shared-address clusters
Publisher: National Business Registration Portal
Published: 2025-02-01 · Last verified: 2026-08-01
MEDIUM
Procurement irregularities in an urban infrastructure package
CASE-2020-009 · 2020 · Cẩm Lệ · Corruption / public office
₫460 BN
OFFICIAL ALLEGATION

Bid evaluation records show repeat awards to a narrow set of related bidders.

Amount basis

Contract value under review by the inspectorate.

Legal status

Administrative review; no criminal judgment identified.

Source SRC-003 · INSPECTORATE
Inspection conclusion — management and use of public land plots
Publisher: Government Inspectorate
Published: 2019-09-10 · Last verified: 2026-06-18
HIGH