HCMC – Vietnam’s Ministry of Public Security has launched criminal proceedings against DucGiang Chemicals Group JSC (HOSE: DGC) and related entities, issuing case decisions on December 25, 2025 and March 14, 2026, and prosecuting 14 defendants for alleged violations related to environmental protection, resource exploitation, and accounting practices.
According to the ministry, the Investigation Police Agency for corruption, economic and smuggling crimes detected serious violations in mineral resource mining and chemical production and trading activities at the company.
Investigators found organized misconduct, including illegal dumping of millions of tons of waste over dozens of hectares in Tang Loong Industrial Park in Lao Cai, causing environmental pollution and affecting local residents.
The firm was also found to have illegally extracted hundreds of thousands of tons of apatite ore valued at hundreds of billions of Vietnam dong, and concealed revenues outside accounting books, resulting in tax losses to the State budget amounting to tens of billions of dong.
The violations were found to have occurred over a prolonged period.
Dao Huu Huyen, chairman of the group, has been charged with violating accounting regulations causing serious consequences, violating regulations on resource exploitation, and causing environmental pollution. Pham Van Hung, director of Duc Giang Chemicals – Lao Cai, faces charges of accounting violations and environmental pollution.
Other defendants have been charged for violations related to resource exploitation and accounting regulations, including senior executives and accounting personnel across affiliated entities.
Following the announcement, DGC shares fell 6.9% to VND68,800 each at the close on March 17, with 7.72 million shares traded, giving the company a market capitalization of around VND26.13 trillion.
The VN-Index rose 17.08 points, or 1.01%, to close at 1,710.29 points, with gainers outnumbering decliners 179 to 147. Total trading volume reached more than 887.4 million shares valued at VND25.49 trillion, up slightly by over 1% in volume and 6% in value compared to the previous session.
Within the VN30 basket, 23 stocks advanced, though most pared earlier gains. Vingroup-related stocks, including VIC, VHM and VRE, rose by around 1% to over 2%.
On the downside, SAB, VNM and PLX edged down, while VIB closed flat.
On the Hanoi Stock Exchange, the HNX-Index rose 1.12 points, or 0.46%, to 246.86 points, with 75 advancers and 66 decliners. Trading volume reached over 77.5 million shares valued at VND1.4 trillion, while put-through transactions contributed an additional 10.6 million shares worth VND167 billion.
