Seven officials accused of helping former FLC chairman manipulate stock market

Seven officials accused of helping former FLC chairman manipulate stock market

Seven officials have been accused of assisting Trinh Van Quyet, former chairman of real estate developer FLC Group, in manipulating stocks, said the Ministry of Public Security’s investigation agency (C01) on Saturday.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Closer supervision needed to minimize manipulation, cross-ownership in banks: SBV governor

Closer supervision needed to minimize manipulation, cross-ownership in banks: SBV governor

The State Bank of Vietnam (SBV) will enhance its supervision of credit institutions to reduce manipulation and cross-ownership in banking activities, said governor Nguyen Thi Hong on Thursday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Individual fined for using 76 accounts to manipulate stock price

Individual fined for using 76 accounts to manipulate stock price

The State Securities Commission (SSC) has fined Nguyen Huu Duc, a resident of Danang city, VND1.5 billion ($61,700) and banned him from trading stocks for using 76 accounts to manipulate the stock market.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam back on US’s currency manipulation monitoring list after one year

Vietnam back on US’s currency manipulation monitoring list after one year

The U.S. Department of Treasury has placed Vietnam on its “monitoring list” for currency manipulation again, a department report said Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to intensify crackdown on stock market manipulations

Vietnam to intensify crackdown on stock market manipulations

Vietnam’s Ministry of Public Security will launch a campaign to intensively check, clarify and handle violations on the stock market, especially “manipulation” and “fraud to appropriate assets.”

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Manipulation poses threat to real estate market: legislator

Manipulation poses threat to real estate market: legislator

Manipulation of the real estate market should be strictly banned as it is no less dangerous than stock market manipulation, said Trinh Xuan An, a legislator representing the southern province of Dong Nai, on Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

15 under house arrest as stock manipulation probe expands

15 under house arrest as stock manipulation probe expands

The Ministry of Public Security's investigative agency placed 15 people under house arrest Friday for suspected involvement in the stock market manipulation scam related to former FLC Group chairman Trinh Van Quyet.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

How former Louis Holdings chairman manipulated stock prices

How former Louis Holdings chairman manipulated stock prices

Do Thanh Nhan, former chairman of Louis Holdings, and accomplices gained VND153.8 billion ($6.5 million) in illicit profits by manipulating the price of two stocks, according to investigative authorities.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Poor planning information root of realty market manipulation: legislator

Poor planning information root of realty market manipulation: legislator

Manipulation, forged fevers, and speculation in Vietnam’s real estate market have their roots in authorities’ failure in properly and sufficiently publicizing planning information, a National Assembly member said Monday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bourse manipulation sophisticated: legislative body official

Bourse manipulation sophisticated: legislative body official

Price manipulation has occurred in the stock market, with increasingly sophisticated tactics, said Vu Hong Thanh, Chairman of the National Assembly's Economic Committee.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7