Five arrested for kidnap of Vietnamese-Australia

Updated July 10, 2008 12:14:02

Vietnam's state media is reporting five men have been arrested in Ho Chi Minh city for allegedly kidnapping a Vietnamese-Australian man.

Southeast Asia correspondent Karen Percy reports that 33-year-old Tran Ngoc was allegedly kidnapped on June 22 and taken to a hotel in the outskirts of Ho Chi Minh city, where he was held for two days.

The kidnappers allegedly demanded $US42,000 from Mr Tran's family to pay off a business debt.

Local news agencies say the family paid about a third of that in gold and cash.

Mr Tran went to the police when he was released.

Mr Tran is the director of a construction company operating in Vietnam and has been in the country since 2003.

Local reports say the men who've been arrested have previous convictions for robbery.

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