Vietnam tycoon Trinh Van Quyet could be jailed for 26 years for fraud, stock market manipulation
He faces a proposed prison sentence of 5-6 years for ‘stock market manipulation’ and 19-20 years for ‘fraudulent appropriation of property.’Alongside Quyet, seven other prominent figures were prosecuted. Trinh Thi Minh Hue and Trinh Thuy Nga, Quyet's sisters, may be sentenced to 17-19 years and 10-12 years in jail, respectively. Former permanent chairwoman of FLC Group Huong Tran Kieu Dung could be jailed for 11-13 years, while Trinh Van Dai, deputy director of Faros Construction JSC, may receive 14-16 years. Nguyen Van Manh, head of FLC Land's material purchasing division, and Trinh Tuan, former FLC Land director, are looking at 7-9 years and 6-7.5 years respectively. Quyet also engaged in stock market manipulation from May 2017 to January 2022.
Source:Tuoitre News
July 28, 2024 15:42 UTC
A taste of southern Việt Nam in the heart of the city
In Hà Nội, you can find southern-style restaurants offering dishes like caramelised fish and sour fish soup. The Quê Hương Liberty 2 hotel boasts a rooftop restaurant spanning two floors, busiest during weekday lunchtimes. Quê Hương stays true to its name, offering rural dishes with a distinctive sweet flavour that melts on your palate. Staying at Quê Hương feels like home, thanks to the wonderfully helpful staff, great food, and perfect location. VNSQuê hương Liberty 2Address: 129-133 Hàm Nghi St, Nguyễn Thái Bình Wrd, District 1, Hồ Chí Minh CityTel: (028) 38224922Comment: Great traditional food in downtown HCM City
Source:Viet Nam News
July 28, 2024 15:39 UTC
Solutions to encourage international tourists to spend more in Việt Nam
Việt Nam also needs to improve its visa policies and develop unique tourism products to retain international tourists. However, to attract and retain tourists, Việt Nam must offer more engaging activities and entertainment options. Chính believes this approach will make Việt Nam a more appealing destination for international tourists. Việt Nam can also learn from Thailand, which has taken measures to reduce airfares and subsidise accommodation to attract foreign tourists. Adopting similar strategies, such as offering flight and accommodation combo packages, could enhance Việt Nam’s appeal to international tourists.
Source:Viet Nam News
July 28, 2024 13:57 UTC
Prime Minister receives US Secretary of State Antony Blinken
On behalf of President Biden and the US administration, Secretary Blinken extended heartfelt condolences to the Government and people of Việt Nam for this profound loss. Prime Minister Phạm Minh Chính, on behalf of the Government and people of Việt Nam, expressed heartfelt gratitude to Secretary Blinken for visiting to pay respects and for President Biden’s condolences. He also conveyed his sincere thanks to President Biden, through Secretary Blinken, for the message of sympathy. Secretary Blinken affirmed the US's commitment to further deepening the Comprehensive Strategic Partnership with Việt Nam. On international and regional issues of mutual interest, Prime Minister Chính welcomed the US's comprehensive and responsible engagement in the Asia-Pacific and Indian Ocean regions.
Source:Viet Nam News
July 28, 2024 04:09 UTC
Whirlwinds rip roofs off homes in southern Vietnam
Heavy rain and whirlwinds wreaked havoc on some parts of Bac Lieu Province in southern Vietnam early on Friday morning, causing one house to collapse and blowing off the roofs of eight others. Authorities are working to help the affected households in Vinh Trach Commune cope with the aftermath of the weather-related incident, the provincial steering committee for natural disaster prevention and control said the same day. The steering committee also suggested offering a total amount of VND225 million (US$8,890) to the impacted residents. The hours-long downpour also brought flooding to many roads in Bac Lieu City and several others in Gia Rai Town, making life of commuters a misery. The steering committee demanded that the provincial administration assign relevant agencies to take action to ensure security in the whirlwind-hit area.
Source:Tuoitre News
July 27, 2024 23:35 UTC
Storm destroys 8 houses in Cà Mau, damages 13
CÀ MAU – A storm that hit U Minh District in Cà Mau Province on Friday destroyed eight houses and damaged the roofs of 13 others, causing estimated losses of over VNĐ1.2 billion (US$47,400). The Border Guard Station of Khánh Tiến also sent personnel to work with local authorities to help clean up and rebuild houses. There were no casualties, but it caused great damage to locals’ houses and seafood farms. Cà Mau is focusing on construction works that will help protect lives and properties from natural disasters and search and rescue, and plans to use information technology for this purpose. Since the start of this year Cà Mau has suffered property damage worth around VNĐ35.7 billion due to natural disasters.
Source:Viet Nam News
July 27, 2024 22:54 UTC
Vietnam News Headlines July 27/2024
Sharing the sorrow, a representative from the US Embassy wrote the General Secretary “was a champion of deep ties between the US and Vietnam. In an interview granted to Vietnam News Agency, Djouadj held that under the leadership of General Secretary Trong, the Communist Party of Vietnam (CPV) has led the country to reap considerable socio-economic achievements. Djouadj affirmed that under the leadership of General Secretary Trong, Vietnam has been "prosperous and peaceful", with good economic development, stable society and increasing international status. Kompas research magazine on July 20 published an article hailing the outstanding role of General Secretary Trong and emphasising his imprints on Vietnam's development. Former Japanese Ambassador to Vietnam Yushita Hiroyuki hailed General Secretary Trong as an eminent leader of Vietnam and a great friend of Japan.
Source:Viet Nam News
July 27, 2024 10:43 UTC
Intense rainfall expected in northern Vietnam from this weekend
Residents in northern Vietnam are warned of possible flash floods, landslides, and inundation as heavy rainfall may batter the region from Sunday till Wednesday next week, according to the national weather agency. In response to the upcoming intense rainfall, the Ministry of Agriculture and Rural Development on Friday afternoon sent a dispatch to northern provinces and cities, asking them to urgently handle the aftermath of the recent downpours and floods. These locales were told to timely inform local authorities and people of possible natural disasters so that they can take precautionary measures. Over the past few days, heavy rainfall, flooding, flash floods due to the impact of storm Prapiroon, the second to hit Vietnam this year, have wreaked havoc across the northern region. In the mountainous provinces of Son La and Dien Bien, flash floods and landslides claimed the lives of nine people and left eight others missing.
Source:Tuoitre News
July 27, 2024 09:25 UTC
HSBC raises Vietnam’s 2024 GDP growth forecast to 6.5 percent
HSBC has revised its forecast for Vietnam's GDP growth this year to 6.5 percent, up from the previous projection of six percent, following the country's better-than-expected performance in the first half of the year, according to the bank's latest 'Vietnam at a Glance' report. Yun Liu, ASEAN economist at HSBC Global Research, noted that Vietnam's GDP grew 6.9 percent year-on-year in the second quarter of this year, nearly the highest level in two years and well above market expectations of six percent. Along with a small upward revision--5.66 percent in the first quarter, Vietnam’s GDP growth expanded 6.4 percent year on year in the first six months of 2024. Unlike growth, inflation appears to be an imminent concern, read HSBC’s report. However, inflation is likely to subside in the second half of 2024, as favorable effects start to kick in.
Source:Tuoitre News
July 27, 2024 08:49 UTC
All for the price of peace
And for some who returned home with all their limbs, like my father, they left a piece of their young, carefree soul. Vets who suffered from mental health issues are called 'mental invalids' in Việt Nam and are put in mental hospitals. For some mental invalids, although the war ended, they still hear the sound of bombs and replay the memories of war, of comrades dying which bring them back in time. According to the article, most mental invalids cannot even remember their identity, with only the memories of war, both the painful and victorious ones. All, for the price of peace.
Source:Viet Nam News
July 27, 2024 04:08 UTC
Vietnam state securities commission proposes allowing foreign investors to trade stocks without full deposits
The State Securities Commission of Vietnam has proposed eliminating the current regulation that requires foreign institutional investors to deposit 100 percent of the transaction value before trading stocks in Vietnam. If foreign investors fail to make full payments, securities companies through which foreign investors make transactions will take responsibility for the payment, according to the proposal. Tran Truong Manh Hieu, head of the strategy analysis unit at KIS Vietnam Securities Corporation, stated that securities brokerages would be permitted to sell the stocks of foreign institutional investors if these investors fail to make payments. The new policy should consider the potential for foreign institutional investors to default on payments. The State Securities Commission of Vietnam hoped these rules would exert a positive impact on the Vietnamese stock market upgrade, the official added.
Source:Tuoitre News
July 27, 2024 01:28 UTC
19-year-old girl detained for transporting 15kg of illicit drugs from Laos to Vietnam
At a guesthouse in a town bordering Laos, the Quang Tri Province Border Guard of Vietnam arrested a 19-year-old girl with 15 kilograms of ketamine, which was transported from Laos to Vietnam, on Tuesday, local border guards said on Thursday. Colonel Le Van Phuong, commander of the provincial border guard, said on Thursday that the guard had busted a massive cross-border drug trafficking ring. The border guard of the north-central province in May found a group of Vietnamese leading a ring to transport illegal drugs from Laos to Vietnam to sell them to northern provinces. 40 bricks of heroin seized after the border guard in Quang Tri Province, north-central Vietnam detained a girl for transporting illegal drugs from Laos into Vietnam. Nhi admitted that she was hired to transport the volume of narcotics from Laos to Vietnam.
Source:Tuoitre News
July 26, 2024 19:47 UTC
Party chief through the eyes of 108 Military Central Hospital’s doctors and nurses
The Party chief passed away at Military Central Hospital 108 in the afternoon of July 19. Major General Lê Hữu Song, director of Military Central Hospital 108, expressed his profound grief and special affection for the General Secretary. To care for the General Secretary, the Central Healthcare Protection Committee and Military Central Hospital 108 consulted with both domestic and international medical experts to provide the best treatment plans. In particular, during his final days as his health declined, General Secretary Nguyễn Phú Trọng continued to work diligently. "Every day, from around 9am to 9.30am, the General Secretary would listen to reports from his assistants and secretaries.
Source:Viet Nam News
July 26, 2024 15:32 UTC
Bình Phước Province steps up pace of new-style rural area programme
BÌNH PHƯỚC — Bình Phước Province is speeding up the acquisition of new-style rural area status under a national programme. Of its 86 communes, 73 are recognised as new-style rural communes. Trần Tuệ Hiền, chairwoman of the provincial People’s Committee, said building new-style rural areas has become a widespread movement that has helped improve socio-economic infrastructure in rural areas. Improve livesThe province is taking measures and starting movements to increase the number of new-style rural areas and improve the lives of people there. In Lộc Phú Commune in Lộc Ninh District, 30 per cent of the population is ethnic and it used to be extremely disadvantaged before it implemented new-style rural criteria.
Source:Viet Nam News
July 26, 2024 14:38 UTC
Heavy rains damage rice crop in Mekong Delta
HCM CITY — Farmers in the Cửu Long (Mekong) Delta are having difficulty harvesting their early summer-autumn rice and protect young rice plants since heavy rains have inundated many fields. In Mỹ Tú District, Mỹ Tú Commune has 100ha of ripe rice but farmers cannot harvest them because machines cannot operate in flooded fields. In low-lying areas, rice fields are often 25-35cm under water during the rainy season, according to the provincial Irrigation Sub-department. In Kiên Giang, the country’s largest rice producing province, farmers sowed the summer-autumn rice crop on 276,000ha staggering the cropping. In Cần Thơ, farmers have harvested summer-autumn rice earlier than scheduled and completed harvesting all 71,280ha of summer- autumn rice.
Source:Viet Nam News
July 26, 2024 13:05 UTC