Dung, along with his son Do Hoang Viet, vice director of Tan Hoang Minh, and 13 others on Friday were recommended by the investigative police department under the Ministry of Public Security to be charged with obtaining property by fraud. Tan Hoang Minh, with an authorized capital of VND10 trillion, was established by Dung in 1993. To operate as a corporation, Dung either established or bought the stakes of 45 companies, then got people to act as their legal representatives. The company plunged into financial troubles in 2021 and, by January 2022, it owed the bank around VND20 trillion, not including the eight bond packages that the company had issued since 2021. Dung then instructed his son Do Hoang Viet to find ways to mobilize capital for the corporation, and the chosen method was the issuance of separate business bonds. Instead of using Tan Hoang Minh's legal status to issue bonds, the company's subsidiary firms were used instead. Authorities accused Tan Hoang Minh of … [Read more...] about 6,600 people lost $354M to real estate developer Tan Hoang Minh’s bond scam: police
Zaporizhzhia military civilian administration
Cambodian PM demands support for flood victims
People evacuate from flooded areas in Phnom Penh, Cambodia. (Photo: AFP/VNA) Phnom Penh (VNA) – Prime Minister of Cambodia Samdech Thipadei Hun Manet on September 29 requested leaders of provinces pay attention to supporting flood-hit people as widespread heavy rains have triggered floods in many localities on recent days. In a recorded message sent via Telegram, he asked Senior Minister Kun Kim, Vice Chairman of the National Committee for Disaster Management (NCDM), to closely monitor and cooperate with leaders of localities in preparing additional emergency response measures. He also ordered commissioners and the commanders of the Gendarmerie, Army, and Navy to be ready to intervene in potential natural disasters caused by heavy rain. The PM instructed Deputy PM and Minister of Economy and Finance Aun Pornmoniroth to prepare food and equipment to distribute to flood victims in case of request from localities. He also ordered the preparation of rice seeds for farmers … [Read more...] about Cambodian PM demands support for flood victims
Vietnam and Laos held talks on border management
Colonel Toan expressed belief that the outcomes of the talks would contribute to further strengthening the relationship between the two agencies and between the Vietnam Border Guard Command and Laos’ General Department of Security. For his part, Colonel Saisaminh Sivilay laid stress on the special solidarity between the two countries that are always ready to support each other. At the talks, the two sides evaluated the signing of a cooperation agreement between the Vietnam Border Guard Command and Laos’ General Department of Security in December, 2021 as one of the activities to actualize an agreement on regulations on land border and border gate management between the two governments, contributing to maintaining security and order along the shared borderline and strengthening the special solidarity between Vietnam and Laos. Mentioning the rapid, complicated, complex, and unexpected international and regional situations as well as the crime situation prevention, the two sides … [Read more...] about Vietnam and Laos held talks on border management
Vietnam’s appeal proves strong for Korean visitors
More and more Korean tourists are flocking to Vietnam Hanoi (VNA) – Attractive theme parks, stunning paradise-like beaches, and the highest peak in Indochina are just some of the reasons why more and more Korean tourists are flocking to Vietnam, accounting for up to 30% of the total foreign arrivals in the first seven months of this year. During the period, the Republic of Korea was the biggest source of tourists to Vietnam with over 1.9 million, reported the Vietnam National Administration of Tourism. It was initially expected that the number of Korean visitors to Vietnam would decrease after the summer as August is traditionally considered low season for international tourists. However, in August alone, 385,904 Koreans arrived in Vietnam, up nearly 100,000 compared to the previous month, demonstrating Vietnam's growing appeal to travellers from the land of kimchi. According to a survey by the digital travel platform Agoda, Korean tourists have shown a special fondness … [Read more...] about Vietnam’s appeal proves strong for Korean visitors
PM urges utmost efforts to complete targets for 2023
Prime Minister Pham Minh Chinh addresses the meeting (Photo: VNA) Hanoi (VNA) - Prime Minister Pham Minh Chinh has required utmost efforts to fulfil to the highest possible level the targets and tasks for 2023 while chairing the regular Government meeting for September and an online meeting between the Cabinet and localities on September 30. He emphasised the need to strongly promote growth drivers, speed up industrial production development, especially the manufacturing-processing industry in the context of continued difficulties and challenges in the world situation as well as in the country. The government leader reiterated the overall goal of maintaining macro-economic stability , reining in inflation, propelling growth, ensuring major balances of the economy, paying attention to social welfare, protecting socio-political stability and social order and safety, intensifying anti-corruption activities, strengthening national defence-security, promoting external … [Read more...] about PM urges utmost efforts to complete targets for 2023