Remains confirmed as missing NSW man

Skeletal remains found in bushland near Wollongong have been confirmed to be those of Vietnamese businessman Minh Phuoc "Paul" Nguyen.

Mr Nguyen was last seen driving out of the Hilton Hotel in the CBD in a luxury golden hire car on the night of May 1, 2014.

NSW Police suspect the 50-year-old was murdered at a Bankstown unit block, where a blood stain was found on the carpet.

Two men were charged in 2015 over the murder of Mr Nguyen, who had underworld links.

Detectives conducted a search of bushland at Cordeaux between Tuesday and Friday last week and an analysis of bones found at the site confirmed they belong to Mr Nguyen, whose family has requested privacy at this time.