Trần Văn Thảo (left) punches Uzbekistan's Shermatov Ravshanbek in a match during the Trigger Championship 11 tournament on March 20 in HCM City. Photo webthethao.vn. HÀ NỘI — Trần Văn Thảo is on verge of being the first Vietnamese athlete to take an International Boxing Association (IBA) bantamweight belt. The former World Boxing Council Asia champion will fight Tanzanian Fadhili Majiha at the Trigger Boxing Club in HCM City on July 18 and a win would be a remarkable milestone for Vietnamese boxing. "Being the first one ever to wear the IBA belt would not only be meaningful to Thảo and me but also Việt Nam," said coach Trịnh Văn Trí. "We are the Vietnamese who put the first brick in the formation of professional boxing in Việt Nam. We always hope to popularise our boxing ability in the world. While I am researching information, Thảo trains and realises our dreams. "The IBA match will be a good opportunity for us to make a dream come true. We are working very hard to prepare for it," he said. Thảo is training eight hours per day and following a strict nutrition and gym schedule to prepare for the fight. The fight is set to be the toughest yet for Thao, who turns 28 in 10 days. Majiha is a year younger than Thảo but has fought 44 matches in which he won 26 (with 12 KOs), drew four and lost 14. The world No 73's best result was a title at the World Boxing Association Pan African in 2018. Thảo has been in the ring 14 times with 13 wins (seven KOs) and one loss, and is world No 87. Thảo's only defeat was to Australian Billy Dib at the match for the World Boxing Council Australasian title in December 2019, after 10 rounds. “Fadhili Majiha is a young but experienced and brave puncher. He has gone through a lot of big fights in his career. Therefore, to make sure of a positive result, we have to prepare carefully in all fields of strength, technique and strategy. It is a very prestigious belt, we will do our best to keep it home,” said coach Trí. As …
40 52mm step up ring
VIETNAM NEWS HEADLINES APRIL 12
Ex-leaders of State-owned steel firms stand trial The defedants at the first-instance trial that opened on April 12 The first-instance trial, held by the Hanoi People’s Court, is expected to last 10 days. Fourteen defendants were charged with “violating regulations on the management and use of State assets, causing losses and wastefulness” under Clause 3 of Article 360 in the 2015 Penal Code. They included Tran Trong Mung (born in 1949, former General Director of TISCO), Tran Van Kham (born in 1961, former Chairman of the Board of Directors and General Director of TISCO), Mai Van Tinh (born in 1952, former Chairman of the VNS Board of Directors), and Dau Van Hung (born in 1951, former General Director of VNS). Two former members of the VNS Board of Directors and three former members of the TISCO Board of Directors were accused of “lacking sense of responsibility, causing serious consequences” under Clause 3 of Article 360 in the 2015 Penal Code. According to the indictment issued by the Supreme People’s Procuracy, the VNS Board of Directors decided the investment in the second-phase production expansion project of TISCO and TISCO was the investor of the project. This project initially had total investment of more than 3.8 trillion VND (164.9 million USD at the current exchange rate). The China Metallurgical Group Corporation (MCC) won the construction bid in 2007. On July 12, 2007, then TISCO General Director Tran Trong Mung and MCC General Director Shen Heting signed an engineering, procurement, and construction (EPC) contract worth over 160 million USD (equivalent to over 3.5 trillion VND). The value, including taxes and expenses necessary for contract implementation, was stipulated not to change during the implementation process. TISCO and MCC launched the implementation on September 29, 2007. However, after more than 11 months since the contract took effect, MCC still failed to select or contract with subcontractors, or carry out …
VIETNAM BUSINESS NEWS APRIL 12
Fruit, vegetable sector targets export revenue of $10 billion The agricultural sector has determined to improve quality to meet import market standards and achieve the export target of 10 billion USD by 2030. Of which, the proportion of export turnover of processed fruit and vegetable products will reach 30 per cent or more; fruit and vegetable processing capacity will reach two million tonnes per year, nearly double that of last year. To achieve these goals, the agricultural sector will boost investment in improving the capacity of fruit and vegetable processing in the future; develop establishments for preliminary processing and preservation of fresh fruits and vegetables as well as promoting key fruit and vegetable products and high value-added products. New stocks on HoSE will temporarily trade on HNX Companies that want to list on the Ho Chi Minh Stock Exchange (HoSE) will temporarily trade on the Ha Noi Stock Exchange (HNX) as a temporary solution to the overload issue occurring on HoSE since the end of last year. The State Securities Commission (SSC) of Viet Nam recently instructed HOSE and HNX as well as the Viet Nam Securities Depository (VSD) to implement temporary regulations on listing and conversion processes to reduce the load on HOSE's trading system. Accordingly, enterprises wishing to list during this period can submit registration documents to HNX or HOSE. For enterprises that want to list new shares or transfer their listing from HNX to HOSE, HOSE will receive and process their documents. After assessing and issuing the listing decisions, these shares will be temporarily traded on HNX. Once the congestion problem is solved, these companies are allowed to transfer transactions back to HOSE without reviewing their profiles. Regulations such as trading mechanisms, transaction supervision, listing management, reporting and information disclosure for businesses whose shares are listed on HOSE and are transferred to HNX also …