In the first case, the State-run shipbuilder falsified documents to withdraw money from a VND4.19 trillion fund and made term deposits at OceanBank without approval from the then prime minister, violating capital management rules and potentially causing a loss of VND1.05 trillion in deposits at Oceanbank. … [Read more...] about Probe into Vinashin losses urged
Maritime security
Former Vinashin execs prosecuted in OceanBank case
Former general director Truong Van Tuyen (L) and former deputy general director Pham Thanh Son of Vietnam Shipbuilding Industry Group, or Vinashin, are in this combination photo – PHOTO: MPS HCMC – Four former executives of the now-defunct Vietnam Shipbuilding Industry Group (Vinashin), which is currently the Shipbuilding Industry Corporation (SBIC), have been charged with abuse of power for allegedly receiving unauthorized interest payments, worth VND105 billion (US$4.5 million), from Ocean Commercial Bank (OceanBank). … [Read more...] about Former Vinashin execs prosecuted in OceanBank case
Tiền Giang Province finds fruit farming profitable, plans expansion
For instance, in Cái Bè, Cai Lậy and Châu Thành districts, which have a dense network of rivers and canals and fertile soil, they grow specialty fruits such as Hòa Lộc mango, Ngũ Hiệp durian, Tân Phong rambutan, and Lò Rèn Vĩnh Kim milk apple. … [Read more...] about Tiền Giang Province finds fruit farming profitable, plans expansion
