Vietnam police probe slander in BBC Vietnamese article

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Investigative police under Vietnam's Ministry of Public Security initiated an investigation on Friday into a criminal slander case pursuant to Article 122 of the Vietnamese Penal Code in relation to the article "Dương Chí Dũng và những triệu đôla," published April 24 on the BBC Vietnamese website under the byline Nguyễn Hùng. The article, which can be translated as "Duong Chi Dung and the millions of dollars," included these lines: "Theo ông Dũng, người đưa tiền của bà Lan cho ông tên là … [Read more...]

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Environment fund says soft loans await enterprises

Nguyen Nam Phuong, director of the fund, told participants at an investment promotion seminar in HCMC that manufacturers could take out a loan worth 70% to 75% of the total value of their projects for a term of up to 10 years and with an interest rate of 5.4% per year. Like other credit institutions, the fund requires borrowers to have certain assets as collateral for their loans. Phuong said this was a non-profit fund mandated to support production companies which are looking for … [Read more...]

Youths face extortion charges for threats to kidnap, kill, bomb

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Police in Ho Chi Minh City are seeking an indictment against two young men for threatening a business man and his family with a bomb in an attempt to extort US$20,000. A source told Thanh Nien that the plot's mastermind, 19-year-old Ngo Van Sam and his partner, 20-year-old Pham Van Cuong, are facing extortion charges. Ngo Van Sam (L) and Pham Van Cuong … [Read more...]

Police nab two men, 19 and 20, for blackmail, demanding ransom

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Two young men were arrested in Ho Chi Minh City Saturday for making death threats and collecting a US$20,000 ransom from a businessman. One of them is the victim's cousin. Police, who were informed of the threats two days earlier by the victim, Ngo Xuan Tiec, 46, president and director of the city-based Tam Sinh Nghia Investment-Development Company, caught Pham Van Cuong, 20, red-handed receiving the ransom. Ngo Van Sam (L) and Pham Van Cuong … [Read more...]