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Hanoi (VNA) – The Ministry of Public Security’s Security Investigation Agency has proposed prosecuting Dinh La Thang, former Chairman of the Board of Directors of the Vietnam Oil and Gas Group (PetroVietnam) and nine accomplices on charges of violating regulations on construction works, causing serious consequences at the Petrochemical and Bio-Fuel JSC (PVB) - a subsidiary of this group.  According to the investigation result, Thang signed a decision approving an ethanol factory project in the northern province of Phu Tho. A year later, PetroVietnam estasblished a steering committee led by Thang to launch bio-fuel projects. PVB later invited bidding for a package TK05 named “Design, procurement, supply of equipment and construction of ethanol factory in the north”. Though six contractors were unqualified, Thang and his subordinates signed many documents directing joint venture PVC/Alfta Laval/Delta-T to join the project. During the implementation, … [Read more...] about Ex-PetroVietnam Chairman to be prosecuted for violations in Phu Tho ethanol case

According to business strategy director Cao Thi Hong, GTNFoods has focused on improving the quality of products. The deal with Vinamilk is expected to bring GTNFoods a better future with its excessive resources, a huge distribution network and high quality of corporate governance. … [Read more...] about Vinamilk CEO takes chairmanship at GTNFoods

While Petrovietnam Construction and Song Hong Corporation were full of difficulties, Vinaincon had good performance in key business fields with VND43 billion ($1.87 million) profit in 2018. However, Vinaincon had to suffer an annual loss of several billions of dongs (around $10 million) from its subsidiary Quang Son Cement Company. … [Read more...] about Construction giants report trillions in losses

The portal will provide online public services in all 63 provinces and cities including the issuance of driver’s license, the re-issuance of health insurance, the supply of low-voltage and medium-voltage power, the payment of electricity bills, and others. Nhan Dan … [Read more...] about National Public Service Portal helps save over VND4 trillion each year

According to a Vietnam Prosperity Bank (VPBank) representative, VPBank sends a one-time password to their customers’ registered phone numbers or email addresses when they log into their bank accounts on a new device. Customers should not reveal the code to anyone, especially imposters posing as bank staff, if they receive a code without attempting to log in. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 14