In May, when police chief To Lam strongly attacked Thuan An Group, causing legislator chief Vuong Dinh Hue to leave Vietnam’s politic in frustration. At that time, the military faction woke up, realized that General Lam was too reckless, more than they thought, and took action to stop his progress.
At that time, Xuan Cau Group of tycoon To Dung – Lam’s younger brother, was the address that the Defense Ministry aimed at. However, not long after that, Lam successfully climbed to become State President, then arranged Luong Tam Quang to succeed him as Minister of Public Security, then the investigation agency of the Defense Ministry began to shrink.
Very quickly after that, Lam won the position of General Secretary again, which means he took the position of Secretary of the Central Military Commission. The investigation of the To family’s Xuan Cau Group has been frozen since then. Up to now, the name Xuan Cau has become a “forbidden zone,” no investigation agency can touch it.
Xuan Cau village in Nghia Tru commune, Van Giang district, Hung Yen province, is where Lam and Dung were born. This is also the place that marks the pride of the To family. Elder Lam is the boss of the Communist Party, younger Dung is the bag to collect benefits from the former’s power.
Currently, Xuan Cau Group is considered safe, not only is it not worried about being “killed” anymore, but it is also planning to take over the market.
Internal sources told Thoibao.de that currently, Dung is targeting well-performing businesses, with large profits and strong brands, to propose to buy back or contribute shares. This is a way to make the company grow in size thanks to power. It is very possible that under Lam, the current famous names in the business community will have to give way to Xuan Cau.
Xuan Cau village, the hometown of the To family, in Hung Yen province, is used to name Xuan Cau Holdings Joint Stock Company. This company is a multi-industry corporation, established in 2000, headquartered in Hanoi, with 6 shareholders, all of whom are members of the To family in Xuan Cau.
Specifically:
To Dung – holds 61.76% while To Thi Thu Hien – his sister, holds 16.15%;
To Duy – Dung’s son holds 11.1%;
To Ho Thu – Dung’s daughter holds 7.77%.
If we say that the Communist state uses its power to cover up state-owned companies and corporations, competing to suck the blood of the people for personal gain, then in a smaller scope, the Hung Yen group is also using Xuan Cau Group to grab the best pieces of state policy. The state-owned company and the Party are the big version, while Xuan Cau Company and Hung Yen Group are the smaller version.
With Lam’s current power, Xuan Cau Group will grow stronger, and gradually overwhelm even state-owned corporations. It may even take over the monopoly cakes, which for a long time only state-owned enterprises have enjoyed.
For a long time, the Party has mainly relied on the police forces to fight corruption. Even the conclusions of the Central Committee’s Inspection Commission are mainly taken from the investigation results of the Ministry of Public Security. However, the ministry is in the hands of Lam, so who else can investigate this Xuan Cau backyard?
The investigation agency of the Defense Ministry is limited in both human resources and authority. For a long time, the investigation of companies outside the Defense Ministry has been under the authority of the Ministry of Public Security. Furthermore, there are many factions in the Defense Ministry, so they cannot agree on the direction of the investigation. Even in the army, the Hung Yen faction, although not the strongest, is enough to make the investigation difficult.
The more Lam consolidates his power, the more the Xuan Cau Group will swell without stopping, like the greed of the current leader of the Communist Party. Holding absolute power, but not turning it into money, is considered “foolish” under this regime.
Tran Chuong – Thoibao.de
