Police in Ho Chi Minh City, southern Vietnam, have arrested and pressed criminal charges on three Malaysian men who allegedly lured 30 Indonesians to Vietnam through false promises of good jobs but actually forced them to join fraudulent acts for asset misappropriation. The three Malaysian nationals include Leaw Boon Kiat, 36, Thong Joon Kin, 32, and Gan Ban Lee, 42, who have all been prosecuted on charges of “organizing for others to stay in Vietnam illegally,” the city’s police announced at a press conference on Friday. The arrest warrants and prosecution decisions against these suspects have been approved by the municipal People’s Procuracy. Earlier on March 12, the city’s police received a notice from the Department of Foreign Affairs about 30 Indonesian citizens who came to the Indonesian Consulate General in the city for urgent help after they managed to escape from a building where they had been kept under surveillance by a group of Malaysians. They reported that they … [Read more...] about 3 Malaysians prosecuted for tricking 30 Indonesians into fraud scams in Vietnam
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Singapore promotes instant payment system connectivity in Southeast Asia
The Monetary Authority of Singapore (MAS) building.(Photo: AFP/VNA) Singapore (VNA) – The Monetary Authority of Singapore (MAS) said on March 23 that the Nexus Project prototype of the Bank for International Settlements (BIS) has successfully connected with the payment systems of Europe, Malaysia and Singapore. To enhance cross-border payments, the BIS Innovation Hub Singapore Centre developed the Nexus concept of a first-of-its-kind multilateral network connecting multiple domestic instant payment systems (IPS). Nexus prototype successfully connected the test IPS of the Eurosystem, Malaysia and Singapore, allowing payments to be sent across the three using only mobile phone numbers. In the next phase, BIS and the central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand will jointly work towards connecting their domestic IPS through Nexus. For the next phase of the project – in line with their November 2022 Memorandum of Understanding on … [Read more...] about Singapore promotes instant payment system connectivity in Southeast Asia
Travel enthusiasts flock to Hanoi Tourism Festival 2023
The Hanoi Tourism Festival 2023, which runs from March 24-26 around Hoan Kiem Lake Walking Street, is one of the biggest promotional events in Hanoi. As soon as Nguyen Gia Trung Hieu, representing Flamingo Redtour at the Hanoi Tourism Festival 2023, put the flyers of the travel packages on the table, the interest of local visitors in the travel packages started to grow. Hieu said that about 80 people visited the booth and got information about tours within one hour on the festival's first day. The travel demand is increasing as the summer season approaches. This year, the demand for traveling to destinations such as Phu Quoc Island and the Northwest Region is high," he said. Although the prices of flights to some domestic destinations are skyrocketing, those who book a tour through our company will be able to enjoy a preferential price," he told The Hanoi Times . Hieu is introducing tours to local visitors at the booth. Photos: Do Huong/ The Hanoi Times … [Read more...] about Travel enthusiasts flock to Hanoi Tourism Festival 2023
Viettel Academy holds “International business trends” workshop
Colonel Bui Quang Tuyen, Director of Viettel Academy, chaired the event. The event saw the attendance of Dr. Can Van Luc, Chief Economist of the Bank for Investment and Development of Vietnam (BIDV) cum President of BIDV Training and Research Institute. He is also a Member of the National Financial and Monetary Policy Advisory Council. In 2023, Viettel’s leaders have set targets to strengthen business activities and investment in foreign markets. Therefore, Viettel has promoted updating knowledge about international business for Viettel’s management staff to ensure qualified human resources, meeting the requirements of business development strategies in foreign markets. During the event, Dr. Can Van Luc talked about international economic trends in the new context amid the influences of the COVID-19 pandemic and the war in Ukraine. He also noted eight crucial issues, including uneven and uncertain recovery; changes in fiscal and monetary policy and financial risks; changes in … [Read more...] about Viettel Academy holds “International business trends” workshop