Vingroup sues 68 organizations and individuals for 'fabricating information about the corporation'

vingroup - Ảnh 1. — Vingroup Corporation, the project owner in the picture, said it has collected enough information to sue a number of organizations and individuals who "fabricated information about the corporation" - Photo: QUANG DINH

According to Vingroup, 68 organizations and individuals were sued and reported to be account holders of information pages and personal pages that distorted and provided false information about Vingroup, fabricated stories about Mr. Pham Nhat Vuong (chairman of Vingroup) and several other senior leaders of the group on social networks such as TikTok, Facebook, YouTube...

The group said the false information focused on four main topics, including: the group's financial situation, product quality and origin, product legal issues, and personal information of leaders.

False information about Vingroup's financial situation includes social media accounts reporting that the corporation is about to go bankrupt due to a debt of VND800,000 billion.

"According to Vingroup's consolidated financial report publicly posted on the group's website, total debt is only about 283,000 billion VND, the debt-to-equity ratio is only about 1.8 times.

This is a very safe index for businesses according to international and Vietnamese practices.

The remaining "payables" are mostly prepaid revenue from customers/partners and other payables and receivables arising from normal business operations like any other business, and are completely consistent with the scale of the corporation," Vingroup informed.

In addition, the group also believes that defamation of quality and distortion of origin of Vingroup products are common, such as social media accounts labeling cars and electric motorbikes produced by VinFast Company as Chinese goods "disguised" as Vietnamese goods.

"VinFast has mastered the production chain from research, design to product manufacturing. Most of the stages are carried out in Vietnam with a localization rate of 60% at present, aiming to increase to 80% in the future," Vingroup affirmed.

In addition, the group said the accounts also fabricated information about Vingroup's leaders, especially group chairman Pham Nhat Vuong, as well as false information about Vingroup employees submitting mass resignations.

Furthermore, organizations and individuals also distort legal issues regarding Vingroup's products, fabricate political issues and State policies to mislead public opinion, and imply that they are related to the corporation.

Mr. Nguyen Viet Quang, Vice Chairman and General Director of Vingroup, also affirmed that Vingroup filed the lawsuit not only to protect Vingroup's interests but also for the benefit of society; it cannot remain silent while being fabricated, distorted, and misled by public opinion.

Full information collected

Vingroup said it has collected full information, made a record of the infringement as evidence, and initiated a civil lawsuit or reported to the competent authority according to legal procedures in Vietnam.

"Vingroup is also working with domestic and international lawyers to file a lawsuit in accordance with the laws of the relevant country.

At the same time, Vingroup will send notices to foreign embassies in Vietnam and Vietnamese embassies in countries where citizens who own the violating accounts are residing to protect the legitimate interests of the business," Vingroup said.

HIEU JIANG

Source: https://tuoitre.vn/vingroup-khoi-kien-68-to-chuc-ca-nhan-bia-dat-thong-tin-ve-tap-doan-20250909080732206.htm