Nguyen cited "personal reasons" for the decision. His resignation Wednesday came two weeks before the company’s annual general meeting. He became a BOS director in 2019 but does not own any shares in the company. In July, he was appointed FLC chairman, three months after his brother-in-law and ex-chairman Trinh Van Quyet was arrested for allegedly manipulating the stock market. BOS’s former legal representative, chairwoman Huong Tran Kieu Dung, was arrested along with Quyet. BOS' revenues and pre-tax profits are set to increase by 10.6 and 10.8 percent year-on-year to VND104 billion and VND41 billion this year, respectively. … [Read more...] about FLC’s new chairman resigns as director of securities subsidiary
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110th birth anniversary of late Chairman of State Council Vo Chi Cong celebrated
Delegates attend the ceremony (Photo: VNA) Quang Nam (VNA) - The central province of Quang Nam held a ceremony on August 6 evening to commemorate the 1 10th birth anniversary of the late Chairman of the Council of State, Vo Chi Cong (August 7, 1912-2022). Attending the event were Politburo members: President Nguyen Xuan Phuc; Permanent member of the Secretariat of the Communist Party of Vietnam (CPV) Central Committee Vo Van Thuong, and President of the Ho Chi Minh National Academy of Politics and Chairman of the Central Theory Council Nguyen Xuan Thang, among others. Secretary of the provincial Party Committee Phan Viet Cuong said that the event was an opportunity to better understand Cong’s life, glorious career and great contributions to the nation’s revolutionary cause, thus helping today and future generations to study and follow his example in the cause of national building and safeguarding. Vo Chi Cong (1912 – 2011) once served as Politburo member, Permanent … [Read more...] about 110th birth anniversary of late Chairman of State Council Vo Chi Cong celebrated
Lavish farewell parties of former Director of Quang Ninh CDC to be investigated
A lavish farewell party in Quang Ninh with the participation of Mr. Ninh Van Chu. On August 7, in the face of public opinion about the fact that Mr. Ninh Van Chu, former Director of Quang Ninh CDC, continuously threw many lavish farewell parties before retiring, Quang Ninh Provincial Standing Party Committee assigned the Inspection Committee of the Provincial Party Committee to urgently inspect, verify, and clarify signs of violations to promptly advise the Provincial Party Committee's Standing Board to report to the competent authorities on the above content and report to the Standing Board of Provincial Party Committee before August 15. On the same day, following the direction of the Standing Committee of the Quang Ninh Provincial Party Committee, the Inspection Committee of the Quang Ninh Provincial Party Committee issued a decision to check for signs of violations against the Party Committee of the Quang Ninh CDC and Mr. Ninh Van Chu. Previously, talking to the press, Mr. … [Read more...] about Lavish farewell parties of former Director of Quang Ninh CDC to be investigated
Demand for cotton forces adjustments
Thanh Cong Textile Garment Investment Trading JSC exported over one-third of its products to the United States in 2021. However, the company started to face challenges following the US’ blanket ban on all Xinjiang cotton. Last year, President Joe Biden signed into law the Uyghur Forced Labor Prevention Act. Vietnam’s cotton imports reach up to one million tonnes each year, Photo: Shutterstock Tran Nhu Tung, chairman of the company, said that the company has adopted regulations this year related to this act. Accordingly, buyers have to be responsible for export orders to the US which source Chinese cotton materials. Thanh Cong secures many large orders from the US. In 2022, the company sets a target to generate $179 million in revenues and $10.87 million in profit, up 120 per cent and 188 per cent respectively against last year. Tung noted that yarn exports are the main driving force for Thanh Cong. “There is a rapidly growing demand for yarn imports in the global … [Read more...] about Demand for cotton forces adjustments
Identity theft rises as fraudsters find new ways to deceive clients
A cybersecurity team monitors real-time cyberattacks. (Photo: vneconomy.vn) Hanoi (VNS/VNA) - Identity theft is not a new crime in the financial and banking scene, but insiders said a new twist on an old problem that banks and clients should worry about, exposes the need for heightened cybersecurity . Truong Duc Luong, Chairman of the Vietnam Network Security JSC, revealed that dangerous actors could use SEO (search engine optimisation) to improve their websites' ranking in search results when people look up information online. The better visibility the websites have in search engines, the more likely that they garner more clicks and attract more prospective victims. Once visitors click on the websites, they are vulnerable to malicious schemes resulting in financial loss and identity theft. Another tactic is using the online ads network to spread malicious links. Gullible users clicking on the links have their browsers hijacked by fake warnings. They fall victim to … [Read more...] about Identity theft rises as fraudsters find new ways to deceive clients
Scientific seminar highlights President Vo Chi Cong’s merits
PANO - A scientific seminar, “Comrade Vo Chi Cong with Vietnam’s revolution and the hometown of Quang Nam-Danang”, held on August 5th in Tam Ky City, Quang Nam Province, demonstrated glorious life of late President of the State Council Vo Chi Cong. The seminar, hosted by the Central Party Commission for Communication and Education, Ho Chi Minh National Academy of Politics and Public Administration and Quang Nam Provincial Party Committee, was attended by Dinh The Huynh, Politburo member, Secretary of the Party Central Committee, Chairman of the Central Party Commission for Communication and Education. More than 60 papers, delivered by the Party and the State’s leaders, ex-leaders, scientists, historical witnesses, revolutionary veterans, further made clear the glorious revolutionary life of comrade Vo Chi Cong in different periods and at different positions. The seminar, once again, confirmed that comrade Vo Chi Cong, for more than 80 years, was a bright example on … [Read more...] about Scientific seminar highlights President Vo Chi Cong’s merits