Related to the notorious VNCB case, the investigation agency under the Ministry of Public Security (MoPS) proposed to prosecute Hua Thi Phan, former senior advisor of the Board of Management of Trust Bank and former chairwoman of the Board of Management of Phu My Investment and Development JSC. Hua Thi Phan On January 12, 2018, the investigation agency proposed to prosecute Hua Thi Phan and 27 suspects for “intentionally violating state regulations on economic management and causing serious consequences,” “abusing trust to appropriate property,” and “violating regulations on credit institutions’ lending activities” at Trust Bank (now Vietnam Construction Bank–VNCB). Specifically, the agency proposed to prosecute Ngo Kim Hue (former deputy general director of Trust Bank and director of Phu My Co., Ltd.), Bui Thi Kim Loan (accountant of Phu My Co., Ltd.) for “abusing trust to appropriate property” and “intentionally violating state regulations.” Lam Kim Dung, former director of Lam Giang Co., Ltd. is proposed to be prosecuted for “abusing trust to appropriate property.” The 24 other suspects are proposed to be prosecuted for “intentionally violating state regulations.” According to the investigation conclusion, in June 2010, Hua Thi Phan and Phu My Investment and Development JSC and 14 other people bought over 254 million shares of Trust Bank for over VND2.5 trillion ($110 million). Phan abused her holding of nearly 85 per cent of the bank’s charter capital to take over the management of all Trust Bank activities, taking over the entire board of management, executive board, and staff. She… [Read full story]
The Vietnam - Japan Joint Initiative Phase 2 has ended successfully since it achieved its primary objective to improve the business environment with a view to strengthening Vietnam's competitiveness. This initiative has played a great and pivotal role in materializing a dramatic increase in Japanese direct investment and FDI in general in Vietnam over the past 1.5 years. In fact, Japanese investment in Vietnam increased tenfold from 2003 to 2006. Talking to press conference about the results of the "evaluation on the progress of the Vietnam - Japan Joint Initiative" on 9 November 2007 at Daewoo Hotel, Hanoi, Mr. Motoyuki Oka,…... [read more]
Diamond Island Phase 2 includes 5 towers named after 5 most beautiful islands in the world: Hawaii, Bora Bora, Malpes, Bahamas and Canary. This naming supports the message from Kusto Home about their wish to turn Diamond Island into an ideal resort island. With a completely new inspiring look of a family island, Diamond Island phase 2 will officially preview Hawaii – the first of 5 towers on 24th July, 2016. Hawaii tower adopts mainly resort-style design, taking family as the center. Hawaii is a 25-story tower with a total of 177 luxury apartments and offers a variety of sizes…... [read more]
EU-funded health policy support programme enters phase 2. (Photo: VNA)The Ministry of Health held a workshop on the implementation of the second phase of European Union-funded Vietnam Health Sector Policy Support Programme (HSPSP-2) in Hanoi on September 18. In his remarks at the workshop, Deputy Minister of Health Pham Le Tuan said encouraged by the success of the first phase of HSPSP (HSPSP-1), the EU has decided to continue its support for the second phase with a goal to develop Vietnam’s healthcare system towards equity and efficiency. The second phase of the programme will focus on ten provinces considered to…... [read more]
On February 22, 2011, the fifth Trilateral Evaluation Conference of IMOLA project - phase 2 took place at the Office of the Provincial People's Committee. The conference aimed at evaluating the results of the second phase, considering and coming to an agreement in terms of some essential contents which were appropriate with local socio-economic and environmental development targets in the next phase; contributing to carrying out the Proposal on Developing Socio-economy in Tam Giang - Cau Hai Lagoon until 2020; implementing successfully a program for agriculture, farmers and rural area. At the conference, three sides focused on discussing, considering, and…... [read more]
On 19th November morning, Chairman of Haiphong People's Committee Duong Anh Dien received Mr. John G. Rice, Vice President of GE and discussed on GE's activities as well as development plan in Haiphong in the coming time. According to Chairman Duong Anh Dien, technical infrastructures and the economic scale of Haiphong city had been developed more and more obviously. Exploitation of the port city's potentials and advantages; improvement of industrial zones and clusters; upgrading, modernization and capacity and competitiveness enhancement of seaports and airport system… have created favorable conditions for investors. If GE considered to extend investment of project phase…... [read more]
