Three senior executives from Duc Giang Chemical Group, including Board Member and General Director Luu Bach Dat, have been charged with environmental pollution and violations related to resource extraction. The information was disclosed by the company in an unusual announcement on July 23. The Ministry of Public Security has issued a travel ban for Luu Bach Dat and Deputy General Director Phung Trong Tu as they are under investigation for causing environmental pollution. Board Member Nguyen Quoc Trung is also facing charges for violating regulations on resource exploration and extraction.

Duc Giang Chemical Group, listed on the stock exchange under the code DGC, has committed to providing accurate information and taking full legal responsibility for these developments. Earlier, in March, the Anti-Corruption and Economic Crime Investigation Department (C03) detained Chairman Dao Huu Huyen for serious accounting violations, resource extraction infractions, and environmental pollution. His son, Dao Huu Duy Anh, the former General Director, was also arrested for serious accounting violations.

Additionally, Pham Van Hung, Director of Duc Giang Chemical Group - Lao Cai, was charged with both serious accounting violations and environmental pollution. A total of 11 other individuals have also been charged with violations related to resource extraction. Initial investigations revealed that Duc Giang Chemical Group illegally dumped millions of tons of waste over large areas in the Tang Loong Industrial Zone, causing severe environmental damage and affecting local residents' lives.

The company has also illegally extracted hundreds of thousands of tons of apatite ore, valued at hundreds of billions of VND, and concealed significant revenue from its accounting records, resulting in substantial tax losses for the state. These violations have persisted over an extended period, causing public outrage.

Founded in 1963 and privatized in 2003, Duc Giang Chemical Group is a leading manufacturer of phosphoric acid, yellow phosphorus, fertilizers, detergents, and sodium hydroxide. In the first nine months of 2025, the company reported strong business results, with cash and deposits totaling 13.1 trillion VND (approximately 500 million USD), accounting for 67% of its total capital. The Huyen family holds nearly 154.7 million DGC shares, representing 40.74% of the company. Currently, DGC shares are under trading restrictions and have dropped to the floor price of 37,700 VND.