The highest amount recorded for one wager was $307,000. Police in the central province of Nghe An have busted a massive illegal sports betting ring that allegedly raked in around VND9 billion ($39.5 nillion) in wagers on soccer matches. Tran The Hung, 38, Le Hong Trung, 30, and Ngo Minh An, 47, were arrested last Wednesday on charges of running an online betting ring funneled through a website established in 2014, according to Colonel Nguyen Xuan Thiem, head of Nghe An Province's financial crime department. Having followed the ring's activities for several months, police caught the trio and confisticated a laptop and cellphones containing evidence of illegal betting. Police said Hung, identified as the ringleader, had taken over 39,000 illegal bets worth about $39.5 million over the past three years. He directly managed the website and shared it with six subordinates and 45 big gamblers from the town of Vinh in Nghe An, police said. Tran The Hung at a police station. … [Read more...] about Police bust $39.5 mln illegal sports betting ring in central Vietnam
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PM urges Quảng Nam to attract long-term investors – Society – Vietnam News Politics, Business, Economy, Society, Life, Sports
Viet Nam News QUẢNG NAM - Organic farming, hi-tech agriculture, tourism and services - these are the key growth areas for Quảng Nam Province, Prime Minister Nguyễn Xuân Phúc said yesterday. He said the central province use its two world heritage sites - Hội An City and Mỹ Sơn Sanctuary, as well as other attractions like a 124km long coastline and the world biosphere site Chàm Island, to build itself as an international recreational and tourism centre. The PM was addressing a conference held in Tam Kỳ City, Quảng Nam, on investment in the central province. The conference was attended by more than 1,000 participants including investors and representatives from financial institutions. Phúc said Quảng Nam has great potential in terms of its natural resources, human resources and connectivity (airport, seaport, roads, railways and the national Expressway systems). He said the province has to make a plan for the next 20 years for hosting a large number investors and tourists. It should … [Read more...] about PM urges Quảng Nam to attract long-term investors – Society – Vietnam News Politics, Business, Economy, Society, Life, Sports
Gia Lai rolls out red carpet for Czech investors – Economy – Vietnam News Politics, Business, Economy, Society, Life, Sports
Viet Nam News PRAGUE - A delegation from Gia Lai Province, led by Võ Ngọc Thành, chairman of the provincial People's Committee, is visiting the Czech Republic to call for investment and promote trade and tourism. At a working session with Borivoj Minar, vice president the Economic Chamber of the Czech Republic, in Prague on Monday, Thành introduced his locality's economic potential and investment incentives. Located in the north of the Central Highlands, with temperate climate, Gia Lai Province has favourable conditions for developing short and long-term industrial plants and livestock farming, Thành said, adding that it is now home to 79,700ha of coffee, nearly 103,000ha of rubber, over 17,000ha of cashew and 14,500ha of pepper. The province has great potential to develop tourism and services as it boasts of numerous historical and cultural relic sites and famous landscapes, especially the Space of the Gong Culture, recognised by UNESCO as a world cultural heritage. Gia Lai is … [Read more...] about Gia Lai rolls out red carpet for Czech investors – Economy – Vietnam News Politics, Business, Economy, Society, Life, Sports
Yamaha recalls sports bikes in Vietnam
Two-wheel major Yamaha Motor Viet Nam is recalling 888 Yamaha YZF-R3s, a supersport motorcycle manufactured by Yamaha since 2015. The company will check and replace the fuel tank bracket and main switch sub-assembly upon finding the defect in the vehicle. According to the Vietnam Competition Authority, the recall campaign is applicable for sports bikes in the Vietnamese market which were manufactured from June 4, 2015 to October 31, 2016. Check, repair and replacement of the vehicles will be conducted at all Yamaha agents nationwide. Relevant costs will be paid by Yamaha. The campaign, which began on February 23 and ends on August 23, is being carried out after customers complained of a petrol trace leaking from under the motorcycle’s fuel tank. They also said sometimes the engine failed to start while other times it broke down while running. VNS … [Read more...] about Yamaha recalls sports bikes in Vietnam
Legalising casinos may mean looser sports betting laws DTiNews
Duong Nghiep Chi, former head of the Institute for Sports and Physical Training Science, who has been studying regulations on sports betting in Vietnam for 15 years, gave his opinion about the barriers impeding this activity in the country. Recently, the National Assembly's Standing Committee expressed its agreement in principal on legalising gambling in casinos for Vietnamese citizens. Several experts have pointed out that, if the locals are allowed to go to casinos, sports betting may also soon be legalised. However, sports betting is a sensitive issue which has been discussed for over 10 years with no results. Chi says the government should open the door to casino gambling and sports betting quickly. He said, "Sports betting is a form of entertainment which 80 countries allow and are developing, while 40 of those are members of International Sports Betting Association." According to Chi, allowing limitless betting, in which people could bet their cars or houses, would be a … [Read more...] about Legalising casinos may mean looser sports betting laws DTiNews