Nguyen Van Duong, born in 1976, is a renowned entrepreneur in Vietnam. Prior to being indicted for organizing illegal gambling activities, Duong served as the Chairman of the Board of Directors of UDIC Investment Corporation. However, due to financial issues, in April 2017, the Ministry of Transport approved a restructuring plan for the company, involving the participation of another group of investors.
Furthermore, Duong was also the Chairman of CNC, an organization established in September 2011, specializing in intermediary services such as electronic payment gateways, e-wallets, and fund transfers. In 2017, Nguyen Van Duong was arrested while operating a gambling network, along with Phan Sao Nam and several other individuals.
In terms of family background, Nguyen Van Duong is the son-in-law of Pham Quang Nghi, a prominent politician in Vietnam. Duong https://nguyenvanduong.net is married to Pham Thi Phuong Minh, the daughter of Pham Quang Nghi.
Pham Quang Nghi’s father made significant contributions during the Vietnamese Revolution by participating in the August Revolution of 1945. Nghi received a high-level political education and obtained a doctoral degree in philosophy from the University of Hanoi.
Pham Quang Nghi has held various important positions throughout his career, including being a representative of the Hanoi City People’s Council in the 13th term (2011-2016). Prior to that, he held several other key positions such as a member of the Politburo, Secretary of the Hanoi Party Committee, Central Party Committee member, Secretary of the Party Committee of the Ministry of Culture – Information, and Secretary of the Party Committee of Ha Nam Province.
However, when news about his son-in-law’s arrest for involvement in illegal gambling activities became public, many wondered if Nghi was connected to Nguyen Van Duong’s case. Nghi quickly affirmed that Duong’s activities were unrelated to him and his family.
Nguyen Van Duong is one of the two leaders of the Rikvip online gambling network, which was dismantled by the Ministry of Public Security in 2018. Before committing the offense, Duong was the Chairman of the Board of Directors of UDIC Company and had connections to the Bac Giang – Lang Son Expressway project. However, the company’s participation was later revoked by the Ministry of Transport. Duong also founded CNC Company, a subsidiary managed by the C50 Department – Ministry of Public Security.
Regarding Duong’s wealth, although there is limited official information, investigations suggest that he earned billions of Vietnamese Dong from online gambling activities. However, after his arrest, the investigative agency seized only a few assets, including savings accounts, apartments, and luxury cars. The agency also noted that the process of recovering the fines from Duong’s assets has encountered difficulties.
Although some assets have been listed, the difficulty in enforcing the fines against Duong is due to the depletion of his main sources of wealth. Duong’s wife has attempted to contribute to the enforcement of the fines, but the total amount collected is still insufficient compared to the penalty. This raises the possibility that Duong may have transferred assets or employed other means to disperse his wealth, although this has yet to be verified by the investigative agency.