Shareholders voted for him to replace Dang Tat Thang, who was appointed in March after his predecessor Trinh Van Quyet was arrested for allegedly manipulating the stock market. Thang now serves as vice president of the company. Nguyen, brother-in-law of Quyet, has more than 17 years of experience in doing business and used to hold leading positions in many businesses. He was also a member of the board of directors of FLC Group from 2013 to October 2017 and from June 2018 to June 2020. FLC said it would focus on restructuring its management model and business plans this year. Several of its key leaders have been detained amid an investigation into possible stock market fraud that caused "serious damage to investors and affected the operations of Vietnam's stock exchange," according to the Ministry of Public Security. The company suffered losses of VND465 billion ($19.85 million) in the first quarter, its biggest in the last two years. … [Read more...] about FLC Group names new chairman
En ethnic minority groups
Over 18,000 volunteers take part in exam assistance program
At the launching ceremony of the exam assistance program, "Tiep suc mua thi" This year’s campaign attracted more than 18,000 students who are divided into 16 groups offering assistance to candidates at 158 exam sites, such as providing candidates with information related to the exam, resolving emergencies, ensuring security and helping regulate traffic near testing locations during the national high school examination period from July 6-9, Director of the Student Assistance Center in HCMC, Le Xuan Dung said. The exam assistance program has two phases running from May to July. In the first stage, volunteers offered health care and helped students study online and prepare for the upcoming examination. The program will also hand over 60 scholarships worth VND 2 million each and gifts to disadvantaged students affected by the Covid-19 pandemic. Over 18,000 volunteers take part in exam assistance program. The city's artists attend the launching ceremony to support the … [Read more...] about Over 18,000 volunteers take part in exam assistance program
Samsung Engineering acquires stake in water treatment company
The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice president GyuYeon Kang and DNP Water chairman Ngo Duc Vu. With this acquisition, Samsung Engineering holds a 24 percent stake in DNP Water, DNP Holding owns 53 percent and other stakeholders have 23 percent. DNP Water is a private enterprise that focuses on water supply business in Vietnam and is the largest private water treatment company in terms of capacity. It was spun off from the DNP Group, a manufacturer of plastic pipes, in 2017. Since then it has been growing in the water treatment business by buying private water supply assets and developing new businesses. (From L) Nguyen Van Hieu, DNP Holding CEO, Kang Gyu-yeon, Samsung Engineering EVP and Ngo Duc Vu, DNP Water Chairman at the signing ceremony. Photo by Samsung Engineering The Asian water treatment market is shifting from … [Read more...] about Samsung Engineering acquires stake in water treatment company