Gojek suffers 17m impairment loss over pathao investment

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

The five-day visits of Vietnam’s National Assembly Chairman Vuong Dinh Hue to Hungary and the UK marked a new milestone in bilateral relations, eventually contributing to the Vietnam-EU partnership. The Chairman’s official visit to Hungary was significant amid the 72nd anniversary of diplomatic relations and approaching the five-year mark of the comprehensive partnership (2018 – 2023). In addition, Hungary was Vietnam’s first comprehensive partnership in Central and Eastern Europe, as the former has been actively supporting Vietnam in both multilateral frameworks and also in Vietnam-EU relations. NA Chairman Vuong Dinh Hue and Hungarian Prime Minister Viktor Orban. Source: VNA It was noted worth mentioning that Hungary was the first among EU members that ratified the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA). Chairman of the NA’s Foreign Affairs Committee Vu Hai Ha said meetings between Chairman … [Read more...] about New milestone in Vietnam’s relations with Hungary, UK

The People’s Committee of HCMC and Vietnam National University–HCMC (VNU-HCMC) sign a cooperation program in various areas in the 2022-2025 period. (Photo: SGGP) The program aims to serve the goals of socio-economic development and integration of the city and the southern key economic region in the 2022-2025 period, and implement VNU-HCMC’s main missions in researching, training and serving the community. The cooperation program includes human resource training and development in the fields of IT, AI, urban management, mechanical and automation engineering, business management, finance and banking, health and tourism; scientific research and socio-economic development allowing VNU-HCMC to participate in the city’s key science and technology missions, seek measures for the development of culture and sports, study automation technology application of infrastructure management and operation, assess the social impacts caused by flooding and seek solutions to improve environment; … [Read more...] about HCMC, VNU-HCMC sign cooperation program for socio-economic development

Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has to date attracted more than 500 foreign-funded educational projects worth 4 billion USD. Despite challenges and difficulties, room remains extensive for investing in Vietnam’s education, Hue affirmed. He wished the bilateral educational cooperation will be concretized through impressive numbers, and recommended the two sides pay attention to step up exchanges of students and lecturers as well as … [Read more...] about Legislature backs Vietnam-U.K. education cooperation: top legislator

In mid-June, Van Anh and her family of four took a summer holiday in Da Nang, famous as the country’s most livable city, but they felt that the trip was made boring because they had nothing to do in the evening. "Besides swimming, eating out and visiting Ba Na Hills, I realized that Da Nang has very few services for tourists, especially in the evening. After eating, we come back to the hotel and there are no more night-time activities," she said. Thu Huong, another tourist from Hanoi, also spent a night in Da Nang last month and watched a fire breathing act on the iconic Dragon Bridge at night. She said she didn’t know what else she could do. "From 9:30 p.m. streets in Da Nang started emptying and looking deserted. There were a few night markets and backpacker streets with poor services," Huong recalled. Industry insiders acknowledge that it has been the case for years that the city has not been meeting the demand of high-spending tourists for night-time activities. At a … [Read more...] about Da Nang lacks nightlife entertainment

He was allegedly involved in the Baller Ape Club, a project that purportedly sold NFTs in the form of various cartoon figures, often including the figure of an ape, the Department of Justice said in a recent statement. Shortly after the first day Baller Ape Club NFTs were publicly sold, Tuan and his co-conspirators engaged in what is known as a "rug pull," ending the purported investment project, deleting its website and pocketing the investors’ money. Based on blockchain analytics, shortly afterward they laundered investors’ funds through "chain-hopping," a form of money laundering in which one type of coin is converted into another and funds are moved across multiple cryptocurrency blockchains, and used decentralized cryptocurrency swap services to obscure the trail of Baller Ape investors’ stolen funds. If convicted on all counts, Tuan faces up to 40 years in prison. This and several other similar cases "serve as a crucial reminder that some con artists hide behind trendy … [Read more...] about Vietnamese charged with NFT fraud in US