The Man Behind the 1.7 Trillion Investment in the Bridge Connecting Thai Binh – Ha Nam: Facing Legal Troubles, Once ‘Saved’ by Viet Phat through a 500 Billion Blood Filter Deal

Director Ngo Tien Cuong of Tien Dai Phat Co., Ltd. is embroiled in a criminal case related to VTM with charges of bribery and corruption. He plays a key role in the BOT construction of Thai Ha Bridge, a 1.7 trillion project linking Thai Binh and Ha Nam, although he does not directly own shares. The project faced financial difficulties, resulting in several consecutive years of losses before surprisingly reporting a profit of 248.1 billion in 2024, aided by collaboration with Viet Phat in the medical field through a 500 billion blood filter contract. Cuong also previously led PIV, connected to the current investigation. Recent large contracts indicate BOT is diversifying into medical equipment production to improve its financial status.