Who is Út 'trọc'?

On December 20th, the Secretary of the Da Nang City Party Committee, Truong Quang Nghia, met with retired military officers of general rank residing in Da Nang City to commemorate the founding day of the Vietnam People's Army (December 22nd).

Related to Controversy surrounding the case of Mr. Vu "aluminum"At the meeting, Mr. Truong Quang Nghia said: "Here we have Vu 'aluminum' that everyone is talking about, and back in the North, in the military, they're talking about him." Ut "the bald one""They're all lieutenant colonels. The principle is that whichever unit belongs to, that unit must handle it. The military just dealt with it and arrested Ut "the bald one." The police are also currently investigating and must answer questions about Vu "the aluminum king."

According to our research, Út "trọc" is the nickname of Mr. Dinh Ngoc He, Chairman of the Board of Directors of Thai Son Investment Development Joint Stock Company, the entity that owns 40% of the shares of Viet Tri Bridge BOT.

Mr. Dinh Ngoc He was born in 1971 and resides at 68/210 Tran Quang Khai Street, Tan Dinh Ward, District 1, Ho Chi Minh City.

According to information from the National Business Registration Portal, Thai Son Investment Company is headquartered at 32 Phung Khac Khoan Street, Da Kao Ward, District 1, Ho Chi Minh City.

Notably, on December 7th, Thai Son Company unexpectedly changed its business registration, replacing the legal representative with someone else. Mr. Dinh Ngoc He (i.e., Út "trọc") went to Mr. Bùi Duy Nhân.

Thai Son Investment Company was established in 2009, operating primarily in the fields of trade and services, real estate business, and construction.

In terms of commercial and service activities, Thai Son deals in beer and soft drinks; medical machinery and equipment, construction materials, and clothing...

According to information from the company's website, Thai Son supplies rice to the Southeast region of Vietnam, military units, and breweries. In addition, the company states that it has partnered with military units and local authorities to invest in planting hybrid acacia forests in the provinces of Tay Ninh, Binh Phuoc, Dak Nong, Bao Loc, and Dak Lak.

According to the Investor MagazineThai Son Company, chaired by Mr. Dinh Ngoc He, holds 40% of the shares in the Viet Tri Bridge BOT project. The project officially commenced operations in December 2015 but has repeatedly faced opposition from local residents.

The investment project for the construction of the new Viet Tri Bridge (also known as Hac Tri Bridge) was approved by the Ministry of Transport in Decision No. 2932/QD-BGTVT dated September 25, 2013, and officially commenced construction on November 30, 2013.

On May 19, 2015, the Hac Tri Bridge officially opened to traffic. On March 2, 2016, the General Department of Roads allowed the placement of concrete barriers on the two access roads to the old Viet Tri Bridge, citing the bridge's weakness and safety concerns. All vehicles must now use the Hac Tri Bridge, with a minimum fee of 35.000 VND per trip for vehicles under 12 seats and a maximum fee of 180.000 VND per trip for vehicles weighing 18 tons or more.

The Hac Tri Bridge project has a total investment of over 1.828 billion VND and was awarded to a consortium of investors including: Construction Corporation No. 1 - Yen Khanh Production, Trading and Service Company Limited - Thai Son Investment Development Joint Stock Company (CIENCO1 - Yen Khanh - Thai Son Consortium).

To implement the project, this consortium established the Viet Tri Bridge BOT Joint Stock Company with a charter capital of 265 billion VND. The capital contribution ratios of the investor consortium members are as follows: CIENCO1 20% (53 billion VND), Yen Khanh 40% (106 billion VND), and Thai Son 40% (106 billion VND).

According to CIENCO1's 2015 semi-annual financial report, the company had only contributed VND 44,5 billion to the Viet Tri Bridge BOT project but already held 27,61% of the equity.

Meanwhile, Thai Son Investment Development Joint Stock Company, chaired by Mr. Dinh Ngoc He, was established in 2009. This company operates in the following fields: investment and construction of transportation infrastructure (bridges and roads), civil and defense projects; mineral exploitation; road, rail, and inland waterway freight transport; logistics and warehousing; investment, construction, and operation of eco-tourism areas, commercial centers, industrial parks, and urban areas; amusement parks; distribution of beer, wine, and soft drinks; restaurant and hotel business, etc.

Yen Khanh Production, Trading and Service Company Limited was established in 2005 with Ms. Vu Thi Hoan (born in 1985) as the Chairwoman of the Board of Directors. The current charter capital of Yen Khanh Company is 1.800 billion VND, comprising three founding shareholders: Ms. Dinh Thi Hien (30%), Ms. Vu Thi Hoan (69,5%), and Ms. Dinh Thi Lien (0,5%).

Video: Da Nang Party Secretary Truong Quang Nghia speaks about Vu 'Nhom' and Ut 'Troc'