Former HCMC leaders subject to disciplinary action
The Central Inspection Committee has proposed disciplinary action against Nguyen Thi Hong, former vice chairwoman of Ho Chi Minh City, and Le Duy Minh, former director of the municipal Tax Department.
The committee on Thursday stated that former HCMC vice chairwoman Nguyen Thi Hong and Le Duy Minh, director of HCMC’s Department of Finance and former director of the city’s Tax Department, showed their degradation in political ideology, ethics and lifestyle.
They were also found to have violated Party regulations and State laws, and rules on Party members’ code of conduct.
Their acts "caused very serious consequences, angering the public and adversely affecting the reputation of Party organizations and State agencies to the point that they must be disciplined," the committee noted.
Previously, legal proceedings had been launched against Nguyen Thi Hong for abusing positions and power while on duties in a case that occurred at state-controlled Vietnam Rubber Industry Group (VRG).
Le Duy Minh was arrested in December 2023 for receiving bribes in a case that occurred at Xuyen Viet Oil Company.
The Central Inspection Committee on Thursday also stated that it has proposed disciplinary action against Ngo Ngoc Duc, former Party chief of Hoa Binh province.
On August 5, the Ministry of Public Security’s investigative agency had launched legal proceedings against and detain Duc for “gambling” and “organizing gambling activities” that occurred in Hanoi and other localities.
In April 2023, Hoa Binh’s Party leaders had agreed to relieve Duc from the position of Hoa Binh’s Party chief for the 2020-2025 term per his wish.
Also on Thursday, the Central Inspection Committee delivered a warning to chairman of Bac Giang province Le Anh Duong, his deputy Le O Pich, and chairwoman of the provincial People's Council Le Thi Thu Hong for their violations.
- Read More
Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange
Vietnam’s central bank, the State Bank of Vietnam (SBV), will continue to discourage the use of gold as investment or an asset to speculate on, says Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 5:48 pm GMT+7
Vietnam records highest rate of online shopping in Asia Pacific: PwC
Vietnam stands out among the Asia Pacific region with the highest rate of online shopping. Vietnamese consumers are also increasingly prioritizing sustainability in their consumption practices, write PwC Vietnam analysts.
Consulting - Mon, November 11, 2024 | 5:18 pm GMT+7
Malaysia tightens control of social media
Social media platform providers have been given a one-month deadline to respond to the code of conduct, after which they will be required to register with the Malaysian Communications and Multimedia Commission (MCMC) for licensing purposes, according to Malaysian Communications Minister Fahmi Fadzil.
Southeast Asia - Mon, November 11, 2024 | 4:05 pm GMT+7
Thailand pursues new policies to boost digital economy
The Thai Government is pursuing new digital policies to handle emerging security threats, including the impacts of US-China rivalry on the economy and technology, says Prime Minister Paetongtarn Shinawatra.
Southeast Asia - Mon, November 11, 2024 | 4:02 pm GMT+7
Japan’s Shizuoka Gas to acquire 25% stake in 50MW solar power plant in Vietnam
Japan’s Shizuoka Gas will acquire a 25% stake of My Son-Hoan Loc Viet Solar Energy JSC, the owner of 50-MW My Son-Hoan Loc Viet solar power plant in Vietnam’s central province of Ninh Thuan.
Energy - Mon, November 11, 2024 | 3:59 pm GMT+7
Vietnam central bank vigilant on inflation, cautious about credit risks
Vietnam’s central bank will manage its monetary policy in coordination with its fiscal policy to support economic growth, but it will stay alert about the return of inflation and take prompt action to curb it, says Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 3:29 pm GMT+7
Vietnam’s first LNG-to-power plants set to connect to grid mid-Nov
Nhon Trach 3 and Nhon Trach 4 power plants, the first LNG-to-power plants in Vietnam and located in the southern province of Dong Nai, are set to connect to the grid later this month.
Energy - Mon, November 11, 2024 | 2:28 pm GMT+7
Vietnam credit expands over 10% in 10 months
Credit in Vietnam as of October 31 had grew 10.08% compared to the end of 2023, and 16.65% year-on-year, according to State Bank of Vietnam (SBV) Governor Nguyen Thi Hong.
Banking - Mon, November 11, 2024 | 12:09 pm GMT+7
Qualcomm earns $39 bln revenue, Vietnam 2nd biggest market
American chipmaker Qualcomm earned a revenue of $38.96 billion in fiscal year 2024 (ending September 29), including 12% from Vietnam, the second-highest portion among all nations.
Companies - Mon, November 11, 2024 | 11:00 am GMT+7
Vinhomes spends $198 mln on record share buyback since start
Vinhomes, the largest housing developer in Vietnam, has spent some VND5 trillion ($197.82 million) on buying back its shares since it started its record-breaking plan on October 23.
Finance - Mon, November 11, 2024 | 9:25 am GMT+7
Vietnam moves up in global value chain with high-value investments: Savills
Vietnam's industrial sector is undergoing a significant transformation, attracting a "new wave" of high-value investments and the attention of leading global manufacturers and technology experts, says a Savills Vietnam report.
Investing - Mon, November 11, 2024 | 8:08 am GMT+7
KFC Indonesia shutters numerous outlets, lays off thousands of employees
KFC Indonesia, owned by Gelael and Salim Group under PT Fast Food Indonesia Tbk (FAST), reported a net loss of IDR557.08 billion (over $36 million) as of the third quarter of this year, resulting in the company’s closure of 47 outlets (as of September) and sack of 2,274 employees.
Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7
Indonesia eyes to become world’s palm oil price setter
Indonesia’s Ministry of Agriculture has set a target of making the country the world’s largest palm oil producer by 2025, enabling it to influence global prices of the commodity.
Southeast Asia - Sun, November 10, 2024 | 11:00 pm GMT+7
Vietnamese broker ACBS sees profit surge, sustained capital support from parent bank
ACB Securities JSC (ACBS) has reported a surge in both charter capital and profit, fueled by continued investment from its parent company, Asia Commercial Bank (ACB).
Finance - Sun, November 10, 2024 | 7:45 pm GMT+7
Advocacy group GWEC proposes model for Vietnam to meet offshore wind targets
The Global Wind Energy Council (GWEC), a member-based organization that represents the entire wind energy sector, has proposed a two-stage competitive model for Vietnam to scale investment and achieve its offshore wind development targets.
Energy - Sun, November 10, 2024 | 4:00 pm GMT+7
Foreign traders extend net-selling streak in Vietnam amid VND devaluation woes
Foreign investors net sold a total of VND3,639 billion ($144 million) worth of Vietnamese shares in the week ended November 8, extending their net-selling streak amid concerns over the dong devaluation.
Finance - Sun, November 10, 2024 | 1:24 pm GMT+7