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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.
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.
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
FPT and Nvidia to build $200M AI factory in Vietnam
Vietnam IT giant FPT Corp will spend $200 million building an AI Factory that incorporates technology from U.S. chipmaker Nvidia.
April 23, 2024 | 12:45 am PT
Van Thinh Phat associated companies have bonds worth $2B outstanding
Twenty four sister and partner companies of property developer Van Thinh Phat have issued bonds worth VND52.4 trillion ($2.06 billion), with over 30% overdue for redemption.
April 22, 2024 | 11:40 pm PT
Beverage tycoon Tran Qui Thanh, daughters on trial for alleged $41M fraud
Tran Qui Thanh, chairman of leading beverage manufacturer Tan Hiep Phat, and his two daughters are standing trial Tuesday for “abuse of trust to appropriate assets.”
April 22, 2024 | 05:44 pm PT
Japanese retail giant Takashimaya to open first mall in Hanoi
Japanese retailer Takashimaya plans to invest 2 billion yen (US$13 million) in building a 10,000-square-meter shopping mall in Hanoi, its first in the city.
April 21, 2024 | 11:38 pm PT
5 richest billionaires under 30 boast $24B net worth
The world’s five richest people under 30 years of age, who are siblings of two families, have a combined net worth of nearly $24 billion this year, according to U.S. magazine Forbes.
April 21, 2024 | 03:13 pm PT
West Coach Station's operator sets revenue record
The West Coach Station Company (WCS), a leading bus terminal operator, has achieved a record-breaking revenue of nearly VND39 billion (US$1.53 million) in Q1, the highest quarterly revenue since its 2010 listing.
April 21, 2024 | 02:01 am PT
Some US colleges set to charge nearly $100,000 a year
Costs at some U.S. colleges approached $100,000 per year for the 2024-2025 school year, marking the highest price tag for a college education yet.
April 20, 2024 | 05:00 pm PT
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