VietnamCapital Finance leaders arrested for illegal mobilization of $8.22 mln in deposits

VietnamCapital Finance leaders arrested for illegal mobilization of $8.22 mln in deposits

The chairman and general director of VietnamCapital Finance JSC have been detained by Danang police pending further investigation into their illegal mobilization of VND200 billion ($8.22 million) in deposits.

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

300 Central Highlands residents lose $8.2 mln in dating app scam

300 Central Highlands residents lose $8.2 mln in dating app scam

More than 300 people in the Central Highlands province of Dak Lak have lost more than VND200 billion ($8.2 mln) after joining dating apps, local police say.

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

Vietnam’s policy rate cuts are boosting stock prices

Vietnam’s policy rate cuts are boosting stock prices

VinaCapital’s chief economist Michael Kokalari highlights that the Vietnamese stock market is bouncing back due to more money coming in, with a sharp pick-up in earnings growth expected in 2024.

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

Vietnam police warn of phone bank loan scams

Vietnam police warn of phone bank loan scams

The Ministry of Public Security has warned members of the public about a spate of phone scams involving con artists offering low-interest loans from well-known banks.

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

VinFast founder has no plans to add money to the EV maker: Bloomberg

VinFast founder has no plans to add money to the EV maker: Bloomberg

Vietnam’s Forbes-listed billionaire Pham Nhat Vuong does not plan to inject his own money into electric vehicle startup VinFast even as the unit car founded by him has seen its factory construction plans in the U.S. behind schedule, Bloomberg reported Tuesday.

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

Vietnamese banks thirst for money

Vietnamese banks thirst for money

Not only businesses but banks themselves are also thirsty for money, reflected by their continuous interest rate hikes to attract deposits.

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

Tan Son Nhat airport customs seize $1 mln in ‘black money’

Tan Son Nhat airport customs seize $1 mln in ‘black money’

Two passengers apparently trying to smuggle more than $1 million dollars abroad in cash by dyeing $100 notes black were detained Thursday at HCMC’s Tan Son Nhat International Airport.

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