Deputy Minister of Construction Bui Hong Minh warned for violations
Deputy Minister of Construction Bui Hong Minh has received a warning from the Central Inspection Committee for violations while he was leader of the state-owned Vietnam Cement Industry Corporation (Vicem).
After reviewing the results of accusations made against Minh, the committee found that he had violated the principles of democratic centralism, working regulations, and the Party members' code of conduct.
He also breached regulations on setting a good example as leader and committed violations in business management and personnel issues, causing the risk of state capital losses.
The Central Inspection Committee also determined that Party leaders at Vicem were responsible for the violations and shortcomings mentioned above.
Minh, 52, used to work for But Son Cement and Ha Tien Cement. He was Vicem's general director from September 2017, and chairman of the corporation's board of members from August 2019. He was also chief of Vicem's Party Committee.
In June 2021, Minh was appointed Deputy Minister of Construction.
- Read More
Singapore Airlines switches to sustainable aviation fuel use
Singapore Airlines has ordered 1,000 tonnes of sustainable aviation fuel (SAF) from refiner Neste, which is the airlines’s first purchase of low-carbon jet fuel from the Finland-based refinery.
Southeast Asia - Tue, May 7, 2024 | 10:20 pm GMT+7
Thailand to increase daily minimum wage
Thai Prime Minister Srettha Thavisin on Tuesday defended his plan to introduce a nationwide daily minimum wage of THB400 ($10.88) as a necessary move for the economy.
Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7
Canada considers Southeast Asia gateway to Indo-Pacific
The Canadian Chamber of Commerce and the Export Development Canada (EDC) have co-organised a forum in Montreal, discussing the nation’s gateway to the Indo-Pacific, which groups 40 countries whose economic activities are worth close to $50 billion.
Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7
Indonesia to build AI development centre with $200 million investment
Indonesia will have an artificial intelligence (AI) development centre with an investment of $200 million.
Southeast Asia - Tue, May 7, 2024 | 10:18 pm GMT+7
Philippines develops economic zones
Philippine President Ferdinand Marcos Jr. has said various economic zones in the country are open to all foreign investors and hoped that foreign companies can seize the business and trade opportunities from these economic zones.
Southeast Asia - Tue, May 7, 2024 | 10:17 pm GMT+7
Indonesia’s first EV battery factory expected to come into operation next month
Indonesian President Joko Widodo (Jokowi) has told the media that the first electric vehicle (EV) battery factory in the country will begin operating in June.
Southeast Asia - Tue, May 7, 2024 | 10:15 pm GMT+7
Samsung willing to pay more under global minimum tax scheme in Vietnam
South Korean conglomerate Samsung stands ready to pay more taxes in Vietnam in line with the Global Minimum Tax (GMT) roadmap, Dong Thi Hong Anh, chief accountant of its Vietnam operations said Tuesday.
Companies - Tue, May 7, 2024 | 7:29 pm GMT+7
Vietnam central bank sells $500-700 mln forex to cool dollar fever
Vietnam’s central bank is estimated to have sold foreign currency worth $500-700 million via spot transactions to help rein in the recent surge of the greenback.
Banking - Tue, May 7, 2024 | 4:24 pm GMT+7
Vietnam coffee company chief bemoans lack of cooperation on rising freight costs
Coffee buyers and sellers need to work together to deal with recent global volatility, otherwise export enterprises will struggle to survive, writes Phan Minh Thong, general director of Phuc Sinh Group, a leading Vietnamese coffee exporter.
Companies - Tue, May 7, 2024 | 4:15 pm GMT+7
Vietnam gold bullion prices hit new high amid lukewarm response to auctions
Gold biscuit prices jumped to an all-time high in Vietnam Tuesday, following global price movements, even as firms remained uninterested in central bank auctions of the previous metal.
Finance - Tue, May 7, 2024 | 3:29 pm GMT+7
Vietnam should proactively implement Global Minimum Tax: official
Although the Global Minimum Tax is not mandatory, Vietnam should implement it proactively because it can increase tax revenues, further international integration and create new opportunities, a senior tax official says.
Economy - Tue, May 7, 2024 | 3:15 pm GMT+7
Peer reviews to referee global minimum tax implementation disputes: expert
The Global Minimum Tax being a complicated affair, peer reviews are likely to referee different interpretations, Jonathan Pemberton, a senior advisor with the Washington D.C.-based International Tax and Investment Center (ITIC), said Tuesday.
Economy - Tue, May 7, 2024 | 1:38 pm GMT+7
ASEAN+3 to create new financing facility against regional crises
South Korea, China and Japan agreed last Friday to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
Southeast Asia - Tue, May 7, 2024 | 11:05 am GMT+7
Thailand promotes cuisine through chef training
Thailand will kick off the “One Village, One Thai Food Chef” project in June, aiming to train 75,000 professional cooks by 2027.
Southeast Asia - Tue, May 7, 2024 | 11:04 am GMT+7
Indonesian minister confirms Apple's keenness to invest in Indonesia
The U.S.-based global technology corporation Apple is still committed to actualising its plan on placing capital in Indonesia, the country’s Minister of Industry Agus Gumiwang Kartasasmita said last Friday.
Southeast Asia - Tue, May 7, 2024 | 11:03 am GMT+7
Thai-controlled brewer Sabeco sees sales, profit grow after troublesome 2023
Ho Chi Minh City-based Sabeco, which is 53.59% owned by Thai-controlled Vietnam Beverage Co. and 36% by the industry ministry, reported increases in both revenue and profit in Q1/2024 despite being hard-hit by a campaign against drunk driving.
Companies - Tue, May 7, 2024 | 10:30 am GMT+7