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Revenue on top five e-commerce platforms jumps 79%
Total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reached more than VND71 trillion ($2.79 billion), an increase of 79% over the same period last year.
Van Thinh Phat chairwoman Truong My Lan appeals death sentence in $27B scam
Truong My Lan, the chairwoman of property developer Van Thinh Phat, who was sentenced to death in a $27 billion fraud case, has filed an appeal challenging her initial verdict.
Sacombank chairman denies allegations of involvement in Truong My Lan's $27B fraud
Sacombank chairman Duong Cong Minh on Friday denied rumors of being an accomplice of Truong My Lan, a property tycoon who has recently been sentenced to death for embezzlement.
April 26, 2024 | 12:57 am PT
Novaland chairman Bui Thanh Nhon not 'running away', says CFO
Novaland chairman Bui Thanh Nhon is "not running away" from the property developer and neither is NovaGroup, its parent and biggest shareholder, its CFO has said.
April 25, 2024 | 10:50 pm PT
‘We will never let VinFast go’: Vingroup billionaire chairman Pham Nhat Vuong
Vingroup will always back VinFast, which is its mission and future, billionaire chairman of the conglomerate, Pham Nhat Vuong, has said.
April 25, 2024 | 07:24 pm PT
Honda recalls 221 of its most expensive motorcycles for faulty fuel pump
Honda Vietnam is recalling 221 of its two most expensive motorcycles, the CBR1000RR Fireblade and Gold Wing, for faulty fuel pumps that could cause their engine to stall.
April 25, 2024 | 06:25 pm PT
Beverage tycoon Tran Qui Thanh receives 8-year prison sentence for $41M fraud
Tran Qui Thanh, 71, chairman of leading beverage manufacturer Tan Hiep Phat, has been sentenced to eight years in prison for "abuse of trust to appropriate assets" in a $41.2 million fraud.
April 24, 2024 | 11:01 pm PT
100 container trucks held in China due to buyer-seller disputes
Since the beginning of last year over 100 Vietnamese container trucks that had carried low-quality agricultural goods are stuck in China with disputes between buyers and sellers remaining unresolved.
April 24, 2024 | 07:18 pm PT
Vinhomes not to pay dividends to plow back money into operations
Vietnam’s biggest property developer Vinhomes will not pay dividends for 2022 and 2023 and has said it will use the money to fund upcoming operations.
April 24, 2024 | 07:05 pm PT
State Bank of Vietnam to host second gold auction
The State Bank of Vietnam will auction 16,800 taels of gold bar to businesses Thursday for the second time.
April 24, 2024 | 04:11 am PT
Prosecutors propose 10-year prison sentence for beverage tycoon Tran Qui Thanh in $41M fraud case
Prosecutors recommended a 9-10 year prison term for Tran Qui Thanh, chairman of leading beverage manufacturer Tan Hiep Phat, given his mitigating factors, for charges of “abuse of trust to appropriate assets.”
April 24, 2024 | 03:16 am PT
'I will accept any judgment,' beverage tycoon Tran Qui Thanh says at $41M fraud trial
Tran Qui Thanh, chairman of leading beverage company Tan Hiep Phat, has changed his testimony and pleaded guilty at his trial, saying he would unquestioningly accept the court’s verdict.
April 23, 2024 | 06:13 pm PT
Beverage tycoon Tran Qui Thanh appears with grey hair following a year in custody
Tran Qui Thanh, chairman of leading beverage manufacturer Tan Hiep Phat, and his daughter Tran Uyen Phuong showed up at the ongoing trial visibly languished after a year of detainment on accusations of "abuse of trust to appropriate assets."
April 23, 2024 | 06:05 pm PT
Embattled Pacific Airlines incurs $59M loss
Pacific Airlines made a loss of nearly VND1.5 trillion (US$58.9 million) last year due to rising costs and lower-than-expected passenger numbers, according to parent company Vietnam Airlines.
April 23, 2024 | 05:00 pm PT
Only two buyers bid in first gold auction in 11 years
Only two companies made bids and bought 20% of the gold bars the State Bank of Vietnam offered to sell on Tuesday in its first gold auction in 11 years.
April 23, 2024 | 01:24 am PT
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