Page 2 - Van Thinh News Today

A former chief inspector at the State Bank of Vietnam has been accused of receiving US$5.2 million in bribes to conceal a banks violations in a major bond fraud case. - VnExpress International

Vietnamese police are calling for seven former executives of the Sai Gon Joint Stock Commercial Bank, including two chairpeople, to hand themselves in for involvement in Van Thanh Phats bond fraud case. - VnExpress International

Vietnamese entrepreneurs are steering their “ships” to “ride thousands of waves” towards recovery and growth, said Nguyen Quoc Bao, chairman of Thanh Cong Investment JSC (TCC).

HCMC-based property developer Van Thinh Phat Group and several other firms misappropriated over VND30 trillion ($1.23 billion) from 42,000 investors via fraud in bond issuance, investigators have concluded.

Both foreign and domestic investors are hoping for clarity and specific policies in Vietnam’s power strategy sooner rather than later.

The arrest was part of an ongoing expanded probe into a major fraud case at Van Thinh Phat’s affiliate An Dong Investment Group Corporation

Renewable energy investors are being assured that national policy and electricity purchase prices are both secure and lucrative.

The imminent launch of a corporate bond trading platform is generating interest among investors, yet gaining their trust is essential.

The bancassurance sector is facing challenges amid many partnerships and complaints, requiring stricter regulations and improved governance to restore customer trust.

With clear evidence that Vietnam’s electricity structure is creaking under the current heat and grid overload, the Power Development Plan VIII contains the acute task of successfully implementing an equitable energy transition in association with smart grid construction and advanced power system management in line with a greener outlook. Vietnam’s energy crisis has been reaching more citizens on a daily basis. Northern provinces are currently...