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Money
Tan Hoang Minh chairman Do Anh Dung and son on trial in $349M fraud case
Property developer Tan Hoang Minh’s chairman Do Anh Dung and his son Do Hoang Viet went on trial Tuesday, accused of issuing fraudulent bonds to appropriate over VND8.6 trillion (US$349.6 million).
Gold prices shoot up
Saigon Jewelry Company gold bar price rose 0.62% to VND81.8 million ($3,308.79) per tael Tuesday morning.
Dollar strengthens little against dong
The U.S. dollar rose marginally against the Vietnamese dong Tuesday morning.
March 18, 2024 | 08:56 pm PT
Pacific Airlines suspends operations after returning leased aircraft
Pacific Airlines has returned all its leased airplanes due to financial difficulties, which has forced it to temporarily cease operations.
March 18, 2024 | 08:17 pm PT
Vincom Retail gets new CEO
Tran Mai Hoa has been reappointed CEO of mall operator Vincom Retail the same day conglomerate Vingroup announced the sale of its majority stake in it.
March 18, 2024 | 07:51 pm PT
Mega property project Saigon Peninsula used for $5.4B loans of Van Thinh Phat chairwoman
Saigon Peninsula, a mega luxury property project in Ho Chi Minh City, was used by Van Thinh Phat chairwoman Truong My Lan and her accomplices as collateral for loans worth VND133.71 trillion (US$5.4 billion).
March 18, 2024 | 07:49 pm PT
Prosecutors recommend 'harshest sentence' for Van Thinh Phat chairwoman
Prosecutors on Tuesday recommended that Van Thinh Phat chairwoman Truong My Lan be "ostracized from the society forever" and to receive the harshest sentence for a decade of stealing from Saigon Commercial Bank.
March 18, 2024 | 07:25 pm PT
Coffee prices soar on low supply, strong demand
Coffee bean prices shot up by 8.96% in early March to VND91,200 (US$3.70) per kilogram as supply runs low.
March 18, 2024 | 05:00 pm PT
Over 1,400 defrauded investors seek leniency for Tan Hoang Minh chairman and his son
1,420 investors defrauded by Tan Hoang Minh's illegal bond issuance seek leniency for the property developer's chairman Do Anh Dung and his son Do Hoang Viet after receiving compensation.
March 18, 2024 | 04:11 pm PT
I cut my losses after renting out my apartment for 5 years
Believing in real estate brokers’ rose-tinted advice, I bought an apartment to rent out only to end up selling it at a huge loss.
March 18, 2024 | 03:00 pm PT
VinFast founder launches global EV charging station company
Pham Nhat Vuong, chairman of conglomerate Vingroup and founder of electric vehicle maker VinFast, on Monday announced the establishment of V-Green Global Charging Station Development Company.
March 18, 2024 | 03:00 pm PT
GameHub finalists to receive $4,400M in funding
Each project selected for the GameHub Finals will receive VND10 million (US$404) in cash and a VND100 million ($4,045) media support package, in addition to benefits from investors.
March 18, 2024 | 08:11 pm PT
What stake do 3 heirs of Asia’s richest billionaire Ambani hold in family-run conglomerate?
Each offspring of billionaire Mukesh Ambani—Akash, Isha, and Anant—possesses 8,052,021 shares in Reliance Industries, the conglomerate owned by their family.
March 18, 2024 | 06:16 am PT
Who are the 5 richest families in Asia?
The Ambanis and Mistrys from India, along with the Hartonos from Indonesia, are among Asia's 5 wealthiest families, boasting a collective net worth of $247.2 billion, as reported by Bloomberg.
March 17, 2024 | 03:08 pm PT
Stocks close session in red
Vietnam's benchmark VN-Index plummeted 1.60% to 1,243.56 points Monday.
March 18, 2024 | 02:12 am PT
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Travel
Over 200 foreign visitors denied entry into Vietnam in Jan-Feb
Vietnam denied entry of 217 international visitors due to invalid documents in the first two months of this year, around 25% of last year's figure, according to aviation authorities.
Favorable visa policy boosts tourism recovery: top tourism official
Foreign arrivals number has been on track for full recovery since Vietnam opened its border two years ago on the back of a favorable visa policy, a top tourism official said.