State Securities Commission official arrested
Nguyen Hung, deputy head of market supervision at the State Securities Commission was arrested on Friday on charges of revealing work secrets.
Lieutenant General To An Xo, a spokesperson for the Ministry of Public Security, said that Hung was detained by the ministry’s investigative agency for further probing on intentionally disclosing work secrets, according to Clause 1, Article 361 of the Penal Code.
The probe is part of a case covering Hanoi and many other provinces, prosecuted on the same day, but without specific violations disclosed.
VN-Index sinks deeply into the red, losing a historic 68.31 points to close at 1,310.92 on April 25. Photo by The Investor/Trong Hieu.
Over the past month, authorities have prosecuted two cases related to stock market manipulation. In the first case, on March 29, the investigative agency arrested Chairman of FLC Group, Trinh Van Quyet. This was followed by detainments of FLC Deputy Chairwoman Huong Tran Kieu Dung and CEO of BOS Securities Nguyen Quynh Anh.
On April 20, the police arrested Do Duc Nam, General Director of Tri Viet Securities and Do Thanh Nhan, Chairman of Louis Holdings. The investigative agency alleges that from January 4, 2021 to October 6, 2021, Nhan colluded with Nam and others to "use multiple securities trading accounts to buy, sell and entice others to manipulate the stock price of Louis Capital JSC (trading code TGG), Louis Land JJSC (BII) and others." This behavior is considered illegal, earning hundreds of billions of Vietnamese dong illegally (VND100 billion = $4.35 million).
- Read More
Vietnam to have 34 cities, provinces, instead of 63: Party chief
Vietnam plans to reduce the number of cities and provinces from the current 63 to 34, as part of a scheme to streamline its administrative apparatus, Party General Secretary To Lam said Friday.
Politics - Sat, March 29, 2025 | 4:18 pm GMT+7
Thailand’s digital ad spending predicted to grow 10% in 2025
Thailand’s online advertising spending in 2025 is forecast to grow 10% to THB35 billion (over $1 billion), based on a gradual rebound of the local economy and intense competition in the digital industry, according to the Digital Advertising Association of Thailand (DAAT).
Southeast Asia - Sat, March 29, 2025 | 3:39 pm GMT+7
US Defence Secretary reaffirms alliance commitment during visit to Philippines
U.S. Secretary of Defence Pete Hegseth reaffirmed Washington’s strong commitment to its alliance with the Philippines during his official visit to the Southeast Asian country on Friday.
Southeast Asia - Sat, March 29, 2025 | 3:32 pm GMT+7
Southern Vietnam province Tra Vinh okays five more wind power projects
Vietnam's southern coastal province of Tra Vinh has granted in-principle approvals for five wind power plant projects, with a total investment of over VND 13.8 trillion ($540 million).
Southeast Asia - Sat, March 29, 2025 | 3:29 pm GMT+7
Vietnam, South Africa eye stronger air logistics links
Vietnam and South Africa are seeking to strengthen air logistics cooperation to meet rising trade and transportation demands.
Southeast Asia - Sat, March 29, 2025 | 3:24 pm GMT+7
Net profit of Vietnam-Singapore Industrial Park nearly doubles in 2024
Vietnam-Singapore Industrial Park J.V. Co., Ltd, or VSIP, the largest industrial park developer in Vietnam, posted VND3.28 trillion ($128.37 million) in net profit in 2024, up nearly 93% year-on-year.
Industrial real estate - Sat, March 29, 2025 | 3:18 pm GMT+7
Trump Organization eyes golf course, hotel projects in Vietnam
A consortium between the Trump Organization and its partner in Vietnam plans multiple investments worth billions of dollars in golf courses, hotels and real estate projects Vietnam, Reuters quoted the consortium’s spokesman as saying.
Real Estate - Sat, March 29, 2025 | 11:06 am GMT+7
Livestock major Dabaco invests in 8.2-hectare dry port in northern Vietnam
Vietnam’s leading livestock firm Dabaco has invested in an 8.2-hectare inland container depot (ICD) in Bac Ninh province, an emerging manufacturing hub in northern Vietnam and home to a Samsung Electronics plant.
Infrastructure - Sat, March 29, 2025 | 10:51 am GMT+7
Phuong Tien Minh appointed CEO of life insurer FWD Vietnam
Hong Kong-headquartered FWD Group Holdings Limited has appointed Phuong Tien Minh as CEO of life insurer FWD Vietnam, effective Thursday, March 27.
Finance - Sat, March 29, 2025 | 10:40 am GMT+7
Vietnam's Deputy PM backs formation of free trade zone in Binh Dinh province
Vietnam’s Deputy Prime Minister Nguyen Chi Dung on Friday expressed his support for an early study of a free trade zone in Phu My Port area, the south-central province of Binh Dinh.
Economy - Sat, March 29, 2025 | 8:25 am GMT+7
Vietnam offers numerous advantages for Skoda Auto's investment: executive
Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.
Industries - Fri, March 28, 2025 | 7:33 pm GMT+7
Vietnam plans to cut import tax for LNG to 2%
Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.
Energy - Fri, March 28, 2025 | 4:31 pm GMT+7
AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities
The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.
Energy - Fri, March 28, 2025 | 4:06 pm GMT+7
Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh
Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).
Industries - Fri, March 28, 2025 | 4:05 pm GMT+7
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7
While the buzz around a market upgrade is back, who is this milestone for?
A key issue for the Vietnamese stock market is the underdevelopment of the institutional investor base. The dominance of retail investors can create heightened volatility, which, in turn, reduces the incentive for high-quality companies to list on the stock exchange, writes Gary Harron, head of securities services at HSBC Vietnam.
Consulting - Fri, March 28, 2025 | 10:31 am GMT+7
