The three, Trinh Van Nam, Pham Thi Thanh Nga and Chairman Le Ba Phuong were appointed at its general meeting of shareholders Tuesday afternoon. This is the first time Phuong works at BOS Securities, though he was a member of FLC’s board of supervisors before resigning in 2014. The BOS board used to have five members but two, Trinh Thi Thuy Nga and Huong Tran Kieu Dung, were arrested for allegedly manipulating the stock market in April and were officially dismissed Tuesday. The rest, Le Ba Nguyen, Chu Tien Vuong and Nguyen Quynh Nga, all resigned in early August for personal reasons. In July Nguyen was named chairman of FLC to replace Trinh Van Quyet, his brother-in-law who got arrested in March for allegedly manipulating the stock market. BOS targets revenues of VND110 billion ($4.44 million) and profits of VND50 billion this year. … [Read more...] about FLC securities subsidiary appoints new board after mass resignation
Sea games champion pham van mach
Vietnam deploys diverse solutions to revive tourism industry
Hanoi will play a key role in connecting visitors to tourist destinations in Vietnam. The Vietnamese Ministry of Culture, Sports and Tourism needs to actively support major tourism businesses to build routes linking localities, and restart heritage digitalization with the participation of travel companies to create new tourism products. Deputy Prime Minister Vu Duc Dam speaks at the meeting. Photo: VGP This is one of the requirements made by Deputy Prime Minister Vu Duc Dam on August 17 at the meeting on removing difficulties and promoting tourism recovery so that the industry would become a key economic sector. The Deputy Prime Minister requested the Ministry of Industry and Commerce to urgently submit to the Prime Minister the adjustment of electricity prices so that accommodation establishments would be entitled to energy rates equal to those of manufacturing facilities. The Ministry of Culture, Sports and Tourism, associations, and tourism businesses … [Read more...] about Vietnam deploys diverse solutions to revive tourism industry
Over US$34 billion set to pour into Vietnam’s real estate market this year
The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year
Man dies after attempting to rescue drowning victims on Phu Quoc Island
Authorities in Phu Quoc Island City, off the coast of Kien Giang Province in southern Vietnam, said on Wednesday night that a 56-year-old man had passed away from exhaustion en route to the hospital after attempting to rescue five tourists from drowning at a local beach earlier the same day. The victim was Nguyen Van Thai, 56, a resident of Duong To Ward, Phu Quoc City, who participated in rescue efforts to save five tourists from drowning at Bai Truong Beach on Wednesday afternoon. According to Tran Van Chung, another individual involved in the rescue operation, five tourists, including three adults and two children, were swept into the ocean by strong currents at Bai Truong Beach at around 5:30 pm that same day. Thai immediately dived into the sea following the tourists' calls for help. He then approached the five victims but was unable to bring them back to the shore due to the strong currents. At that time, Do Huy Dung, 34, a local, paddled a boat out into the ocean to … [Read more...] about Man dies after attempting to rescue drowning victims on Phu Quoc Island
Phat Dat’s strategy to successfully acquire new real estate projects
In 2020, chairman Nguyen Van Dat appointed you as CEO of Phat Dat. Taking on this new responsibility, how did you feel back then? Throughout Phat Dat's 16-year history, the chairman and founder exerted his influence on every decision. In such a context, I found myself in a favourable situation thanks to the inherited strategic orientations from the chairman and the determined management team. Besides this, Phat Dat has embarked on an ambitious plan for 2019-2023 to restructure its investment portfolio, targeting billions USD in market cap and exceeding 50 per cent in compound growth rate. Growing up inside the organisation, I am enthusiastic about Phat Dat's development. My new task, which capitalises on the past achievements and simultaneously accompanies the chairman to write Phat Dat's further development, is really challenging. When I received the appointment decision, many thoughts crossed my mind. I immediately told myself that I must live well, grow strongly, and see … [Read more...] about Phat Dat’s strategy to successfully acquire new real estate projects
Up to 5 storms to affect Vietnam’s mainland until early 2023
About eight to ten storms and tropical depressions are forecast to appear in the East Vietnam Sea from now until February, the Vietnam News Agency quoted the National Center for Hydro-meteorological Forecasting (NCHF) as reporting. Among them, three to five will directly affect the Vietnamese mainland, according to Nguyen Van Huong, an official of the NCHF. In October and November, the rain volume in southern and central Vietnam will be higher than the average of previous years, with heavy downpours forecast to occur frequently, Huong continued. Southern provinces are expected to be dampened by unseasonal rains in the first few months of 2023. Meanwhile, temperatures in northern localities during the first months of this year’s winter will be lower than preceding years due to the influence of strong cold fronts. The cold snaps will result in waves as high as two to four meters along the coastal strip from northern Quang Ninh Province to southern Ca Mau Province. The … [Read more...] about Up to 5 storms to affect Vietnam’s mainland until early 2023