american company fraud scandal continues

American company fraud scandal continues

Lochsa Vietnam, the subsidiary of Las Vegas-based Lochsa Engineering, is still embroiled in a fraud scandal that broke out earlier this year.
authorities put a stop to aim star direct sales

Authorities put a stop to Aim Star direct sales

Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade announced to stop the direct selling activities of Aim Star Network Vietnam Ltd.
pv power to sell 25 per cent stake in october

PV Power to sell 25 per cent stake in October

National Oil and Gas Group PetroVietnam’s power arm PV Power plans to sell a 25 per cent stake at its October IPO this year.
australian telecom giant leads in race for mobifone

Australian telecom giant leads in race for MobiFone

Of all foreign investors showing interest in MobiFone, the operator of Vietnam’s second most popular mobile network, Australia’s Telstra seems to be the most determined, according to newswire VnEconomy.
thai banks rush for booming vietnamese market

Thai banks rush for booming Vietnamese market

Thai banks are planning ambitious expansion in the context of increasing trade and investment between the two countries.
louis vuittons hanoi store could be selling fakes

Louis Vuitton’s Hanoi store could be selling fakes

Louis Vuitton’s representative in Vietnam has yet to respond to the accusation of selling a fake bag, which emerged earlier in May.
sembcorp brings innovation park to ho chi minh city

Sembcorp brings “innovation park” to Ho Chi Minh City

Singaporean company Sembcorp Development, whose joint venture Vietnam-Singapore Industrial Park (VSIP) has been developing integrated townships and industrial parks in Vietnam, has officially expressed interest in developing a high-tech park in Ho Chi Minh City.
hose introduces real time display of foreign investors selling volumes

​HoSE introduces real-time display of foreign investors’ selling volumes

The Hochiminh Stock Exchange (HoSE) has started displaying the selling volume of foreign investors for every stock in real time on May 30.
state audit of vietnam discovers 23 million misused government bond proceeds in 2014

State Audit of Vietnam discovers $23 million misused government bond proceeds in 2014

According to the most recent report submitted to the prime minister by the State Audit of Vietnam (SAV), the state budget wrongfully disbursed VND510 billion ($23 million) in government bond proceeds in 2014, as was reported by newswire vietnamnet.vn.
vinacapital decreases real estate holdings

VinaCapital decreases real estate holdings

London Stock Exchange-listed VinaLand Ltd. (VNL) and Vietnam Opportunity Fund (VOF), both closed-end funds governed by VinaCapital, have made major real estate divestments in May.
central bank offers helping hand to debt laden hoang anh gia lai

Central Bank offers helping hand to debt-laden Hoang Anh Gia Lai

The State Bank of Vietnam (SBV) has just sent a document to the prime minister requesting permission to reschedule the debts of troubled conglomerate Hoang Anh Gia Lai (HAG).
malaysian retailer parkson closes another location in vietnam

Malaysian retailer Parkson closes another location in Vietnam

Parkson, the retail arm of Malaysian conglomerate Lion Group, yesterday officially closed Parkson Paragon in Ho Chi Minh City, adding one more to the list of closed Parkson shopping centres in Vietnam.
viettel selling part of cambodia ops

Viettel selling part of Cambodia ops

Viettel is inviting interested investors to buy part of its Cambodian operation Metfone, according to newswire vneconomy.vn.
lao cai making continuous effort to attract investors

Lao Cai making continuous effort to attract investors

The northern mountainous province of Lao Cai promises to improve the business environment to make it easier for companies to carry out projects here.
three us investors plan 4 billion real estate project in thu thiem

Three US investors plan $4 billion real estate project in Thu Thiem

US companies Steelman Partners, Cantor Fitzgerald, and Weidner Resorts are looking to build a $4 billion multifunctional project in Thu Thiem new urban area, according to newswire cafef.vn.