Initial investigations show that between March 2019 and June 2020, the Investigation Police Agency under HCM City’s Police Department received 119 letters from individuals denouncing Raon Vietnam Co., Ltd and Khanh Asset Co., Ltd. for appropriating nearly 82 billion VND (3.5 million USD). … [Read more...] about Korean man arrested for swindling $3.5 million from investors
Chairman of Hanoi People’s Committee suspended from work
The third one deals with the appropriation of state secret documents. The investigation police agency has launched legal proceedings against three defendants in the case, who are Nguyen Anh Ngoc, working at the secretariat at the Hanoi People’s Committee; Nguyen Hoang Trung, a driver for the Chairman of the Hanoi People’s Committee; and Pham Quang Dung, a former officer at the Police Department for Corruption, Smuggling and Economic Crimes under the Ministry of Public Security. VNA/VNN … [Read more...] about Chairman of Hanoi People’s Committee suspended from work
Daring proposal: pumping US$2.5-5 billion to save Vietnamese businesses
Economists say that Vietnam spends less money than other countries because of its limited resources. There should be support packages strong enough to help businesses, which are on the verge of bankruptcy, to maintain their production, thus helping minimize labor layoff. As for the monetary and credit packages (debt payment extension, debt freezing, interest rate cut), only 50 percent has been implemented. … [Read more...] about Daring proposal: pumping US$2.5-5 billion to save Vietnamese businesses
Vietnam’s IT employees expect to work on solutions to crises similar to Covid-19
“High EQ is now the gold standard for leaders through this potentially stressful period. We recommend investing time in deep listening combined with the ability to minimize quick judgment and refraining from providing only advice. Promote a culture of compassion and caring will help keep your people motivated, engaged and productive,” he said. Hanoitimes … [Read more...] about Vietnam’s IT employees expect to work on solutions to crises similar to Covid-19
Vietnam expects imminent new wave of foreign investment
Don Lam, co-founder and CEO of investment fund VinaCapital, said the COVID-19 crisis exposed serious weaknesses in many supply chains around the world, and the WTO predicts that the pandemic to cause a 30 per cent fall in global FDI flows. The world has in fact been slowly de-globalising since the financial crisis of 2008, he said. … [Read more...] about Vietnam expects imminent new wave of foreign investment
