A Vietnam appellate court has cut the prison term of former Hanoi administration chairman Nguyen Duc Chung by three years following his fulfillment of a US$1 million compensation requirement issued during his hearing last year for an offense related to the purchase of Redoxy-3C to treat polluted lakes in Hanoi. After a three-day appellate trial, the High People’s Court in Hanoi on Wednesday issued commutations to Chung and his two accomplices for sentences handed down by the Hanoi People’s Court in December for “abusing positions and powers while performing duties.” Accordingly, Chung received a three-year commutation after the court considered his past achievements and his fulfillment of the VND25 billion ($1.07 million) he owed in compensation for his crimes, as required by the first-instance court. The total amount included VND10 billion ($429,700) previously paid during the first instance hearing and the remainder recently settled at the appellate trial. Along with a … [Read more...] about Hanoi’s former chairman earns 3-year commutation after fulfilling $1mn compensation
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F88 earns Client Protection Certificate
An F88 branch. The company has nearly 700 branches so far. — Photo F88.vn The financial services company F88 has been awarded the distinguished Client Protection Certificate by the Smart Campaign for its efforts in client protection. The certification marks the second time the company was honoured by Smart Campaign as having met seven principles set forth by the global initiative. The seven principles include Appropriate Product Design and Delivery, Prevention of Over-indebtedness, Transparency, Responsible Pricing, Fair and Respectful Treatment of Clients, Privacy of Client Data, and Mechanism for Complaint Resolution. An F88 representative underscored the incorporation of the principles in its business philosophy as the key factor behind its competitive advantages and strong corporate culture. The representative also revealed the company managed to keep total credit risk below one per cent in the past three years amid the COVID-19 pandemic, allowing it to keep excessive … [Read more...] about F88 earns Client Protection Certificate
HCM City posts economic growth of 3.82 percent in H1
The economy of HCM City has expanded by 3.82 percent in the first half of 2022. (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City recorded growth of 3.82 percent in gross regional domestic product ( GRDP ) in the first half of 2022, according to its Statistics Office. Product tax collection increased 2.03 percent, trade and services 4.83 percent, agriculture - forestry - fisheries 1.77 percent, and industry - construction 2.23 percent. Notably, trade and services generated nearly 99.66 trillion VND (4.3 billion USD) in revenue in June and almost 556.49 trillion VND in the first six months, respectively rising 41.1 percent and 6.2 percent from a year earlier. Such positive growth indicated that sectors are recovering well, especially trade and services, the Statistics Office said. Meanwhile, the southern economic hub has welcomed nearly 216,000 international arrivals since the beginning of June, doubling the figure in the same period last year. The six-month number also … [Read more...] about HCM City posts economic growth of 3.82 percent in H1
Modern equipment left idle at public hospitals in Vietnam
At some public hospitals in Vietnam, modern medical equipment, whose procurement was covered by the state budget or private firms, has been left idle, while patients are waiting for treatment. The situation will affect such patients and put them at a disadvantage if it lingers. The healthcare sector is facing difficulties as multiple healthcare officials, including the health minister , have faced criminal charges and been in detention for their wrongdoing in medical equipment procurement, suspending the purchase of medical equipment and medicines. Equipment has no fault As a case in point, two robots, named Mako and Rosa, had been used for joint and cranio-cerebral surgeries at Bach Mai Hospital in Hanoi since 2017. However, the two robots have been suspended and when they will be put to use again is unknown. These two robots are related to a price gouging case at the hospital whose former director was arrested along with many leaders and employees of the robot … [Read more...] about Modern equipment left idle at public hospitals in Vietnam
KOTO celebrates 2022 graduation
Representative of the Presidential Council of Box Hill Academy Laura Macpherson and KOTO instructors award certificates to trainees at a ceremony on June 21. — Photo KOTO Viet Nam's first social enterprise, KOTO, commemorated the graduation of 95 trainees at a ceremony in Ha Noi on June 21, celebrating years of training excellence. After being postponed for three years due to COVID-19, the 2022 graduation ceremony recognised 95 graduates from Class 34, 35, 36 and HER TURN Class 5. The event, themed “Resilience”, not only acknowledged the adaptability of KOTO and its people through the pandemic but also demonstrated its origins. “For the last 23 years, KOTO has always been resilient. We were a disruptor in our approaches to making a difference ahead of our time," said Jimmy Pham, KOTO Founder and Executive Chairman. "From combining business with charity, putting vocational education training to the forefront and making it relevant to instilling values in our trainees, so … [Read more...] about KOTO celebrates 2022 graduation
Vietnam book place in Women World Cup for first time
This is a remarkable end for Vietnam as the majority of the team were infected with Covid-19 before the tournament took place in India on January 20. On February 6, Vietnam defeated Chinese Taipei 2-1 in the Women’s Asian Cup playoffs to attend the FIFA Women’s World Cup 2023 for the first time. FIFA praises the Vietnam team. The opening goal from Chuong Thi Kieu at the 6th minute and Nguyen Thi Bich Thuy’s goal at the 56th minute increased the Vietnamese team’s lead in the match that Vietnam enjoyed the bulk of the possession (61%) and put pressure early on Chinese Taipei. Vietnam played for the most part of the game in the belting sun and humidity in Mumbai, India. “An aggressive Vietnam side left little room for Taipei to relax in a physically and vocally charged encounter that found players constantly reaching for a wet towel to deal with the conditions,” The Hindu reported. “Vietnam were undaunted and pushed forward with their positive play rewarded … [Read more...] about Vietnam book place in Women World Cup for first time