Dang Le Nguyen Vu, dubbed the Coffee King, and Le Hoang Diep Thao came face to face again this week in court as one of the country’s biggest ever divorces raged on over the division of the multimillion-dollar assets of the Trung Nguyen coffee empire. Thao, after not showing up in court thrice earlier citing health reasons, came on Monday to the HCMC High People’s Court and reportedly told the judges at an in camera session that she wanted to reunite with her husband. Le Hoang Diep Thao seen at the Ho Chi Minh City High People's Court on December 2, 2019. Photo by VnExpress/Huu Khoa. "My children and I have been begging the court to let the family reunite so I can take care of my husband’s health," she told reporters afterward. Vu, 48, and Thao, 46, divorced earlier this year. After months of litigation the court pronounced in March that the stocks of Trung Nguyen Group and cash should be shared in a ratio of 60:40 by Vu and Thao. But both appealed, asking for … [Read more...] about Coffee King dismisses ex-wife’s talk of reunion as ‘trick’
Dang hummas
Appeals court upholds Coffee King’s right to manage Trung Nguyen group
The HCMC Appellate Court Thursday rejected appeals by both Dang Le Nguyen Vu, 48, founder, chairman and CEO of the Trung Nguyen Group, and his ex-wife Le Hoang Diep Thao, 46, against the verdict issued in March by the court of first instance. The court finalized the divorce between Vu and Thao as well as the ruling that Thao will raise the four children the couple have had together with the father providing VND10 billion ($432,000) a year starting from 2013 until they graduate from college. Vu will receive all of his and Thao’s stocks in Trung Nguyen Group, estimated at over VND5.7 trillion ($246.5 million), the court ruled, again sticking to the first-instance decision, and allowed Vu sole management rights over the Trung Nguyen coffee empire. Vu will also receive 6 properties worth VND350 billion ($15.14 million) that are jointly owned by the couple. Thao will receive cash and cash equivalents, gold and foreign currency belonging to the Trung Nguyen group that have been … [Read more...] about Appeals court upholds Coffee King’s right to manage Trung Nguyen group
Nestlé to expand programme to improve rural women’s role
Some 800 women in 120 communes in six northern provinces - Thai Binh, Hai Duong, Nam Dinh, Ha Nam, Hung Yen, and Ninh Binh – have taken part in the “NEST Sisters” programme that Nestlé is carried out in collaboration with the Women’s Union. Women in rural areas play an important role in agricultural production and contribute a great deal to the family income. But due to their limited access to information on healthcare and nutrition along with a heavy workload and nutritional deficiencies, their health is modest. Under the programme, through provincial units of the Women’s Union and commune units of the Women’s Association, the company is building a women’s group called “NEST Sisters”, whose members are taught about nutrition, healthcare, and nutritious products. They in turn take this knowledge to other women and households in their commune. Dang Thi Huyen, Vice Chairwoman of the Women’s Union in Cong Hoa commune, … [Read more...] about Nestlé to expand programme to improve rural women’s role
New-generation FTAs create opportunities, challenges for Vietnam’s economy
An international workshop on Vietnam's economic prospects until 2025: opportunities and challenges brought by new-generation FTAs (Photo: dangcongsan.vn) Under its 5-year socio-economic development plan until 2020, Vietnam has maintained an annual GDP growth rate of more than 6.8%. Last year’s growth was more than 7% and this year is expected to exceed 7%. Vietnam has achieved the GDP growth target set for the entire period. Inflation has been under control and the public debt ratio has been decreasing. But growth has been heavily dependent on capital. The support industry has grown slowly. The contribution of services with high added value has remained low. Logistics costs are high. Exports depend on foreign-invested enterprises. Most Vietnamese businesses haven’t participated in global value chains and their ability to innovate hasn’t improved much. At a recent international workshop on Vietnam's economic prospects until 2025, many experts pointed … [Read more...] about New-generation FTAs create opportunities, challenges for Vietnam’s economy
Vietnam approves new ambassador to US
Deputy Minister of Foreign Affairs Ha Kim Ngoc will serve as Vietnamese Ambassador to the U.S. from 2017 to 2020 Vietnam’s lawmaking National Assembly has approved a new ambassador to the United States. The Standing Committee of the National Assembly (NA) issued its approval to the prime minister’s nomination of Ha Kim Ngoc as the new Vietnamese Ambassador Extraordinary and Plenipotentiary to the U.S. for the 2017-20 tenure. Ngoc, currently serving as the country’s Deputy Minister of Foreign Affairs, will replace current Ambassador Pham Quang Vinh. Ngoc was born in 1963 in Hanoi and holds a master’s degree in international relations. His diplomatic career began in 1988. He has since garnered significant experience in bilateral relationships, particularly between Vietnam and its partner countries in North America. He was appointed to the role of the foreign minister’s assistant and head of the Department of American Affairs under the Ministry of … [Read more...] about Vietnam approves new ambassador to US
