Vingroup sues 68 organizations and individuals for spreading false information about the corporation

Vingroup's determination to fight against acts of distortion, fabrication, and intentional manipulation of public opinion is not only to protect the legitimate rights of businesses, but also for the benefit of society as well as the dignity of the law.

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 information about the group's Chairman - Mr. Pham Nhat Vuong and a number of other senior leaders of the group on social networking platforms such as Tiktok, Facebook, Youtube...

The false information focuses on four main topics, including: the group's financial situation; product quality and origin; legal issues regarding the product and personal information of the leader. Specifically:

Misinformation about Vingroup's financial situation: social media accounts reported that the group was about to go bankrupt due to a debt of 800,000 billion VND. In fact, according to Vingroup's consolidated financial report publicly posted on the group's website, the total debt was only about 283,000 billion VND, the debt-to-equity ratio was 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.

Defaming the quality and distorting the origin of Vingroup's products, such as social media accounts accusing cars and electric motorbikes produced by VinFast of being Chinese goods "disguised" as Vietnamese goods. In fact, 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.

Fabricating information about Vingroup's leaders, especially Chairman Pham Nhat Vuong, as well as false information about Vingroup's employees submitting mass resignations.

Distorting legal issues regarding Vingroup's products; fabricating political issues and State policies to mislead public opinion, implying that they are related to the corporation.

According to Vietnamese law, the above acts violated the provisions of the 2018 Law on Cyber Security and the 2015 Penal Code and the civil rights of related organizations and individuals.

On the international level, the dissemination of false information and infringement of the legitimate rights and interests of organizations and individuals are also severely punished by civilized countries.

“We are living in a civilized and law-abiding society. We cannot just bow our heads and stay silent while some people arbitrarily violate the law, fabricate, distort, mislead public opinion, and lower the reputation and dignity of any organization or individual they want for illegal motives. Therefore, we filed a lawsuit and reported to the authorities not only to protect Vingroup's interests but also to fight for the truth, for a better life for everyone. I believe that all Vietnamese and international people with conscience support this,” affirmed Mr. Nguyen Viet Quang - Vice Chairman and General Director of Vingroup.

Currently, Vingroup has collected full information and made records of the violations committed by the 68 above-mentioned subjects as authentic evidence, and at the same time initiated civil lawsuits or reported to competent authorities in accordance with 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 sent 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 enterprise.

LE LAM

Source: https://nhandan.vn/vingroup-khoi-kien-68-to-chuc-ca-nhan-dua-tin-sai-lech-ve-tap-doan-post906847.html