Wednesday , November 6 2024

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Company chairman gets life for $24M fraud

A former Hanoi company chairman was sentenced to life in prison Tuesday for swindling VND570 billion ($24.2 million) out of people by selling them phony “investments.” Pham Thanh Hai, 57, former chairman of the International Trade, Investment and Development Technology Company (IDT), was sentenced to life imprisonment by the Hanoi …

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HCMC park gets land back from metro

An area in September 23rd Park in downtown Ho Chi Minh City has been cleared from the metro line construction site after seven years. The cleared part of 8,000 sq.m is half of the park’s area that has been occupied since 2016 to serve the building of Ben Thanh underground …

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Vietnamese man caught shipping heroin to Australia

A man from the Mekong Delta’s Long An Province has been arrested for allegedly hiding heroin inside boxes of face masks he tried to ship to Australia. When Ho Chi Minh City customs officers searched a “suspicious” shipment of goods en-route to Australia on April 22 they found around a …

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Vietnam universities seek to lure American students

Representatives of 32 Vietnamese universities attended a workshop in HCMC Tuesday to discuss solutions to attract students from the U.S., home to many of the world’s top schools. Dinh Kim Phung, deputy head of the External and Public Relations Office at the International University at Vietnam National University, HCMC, said …

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Car access to Cat Ba Island restricted for holiday

Hai Phong will restrict car access to Cat Ba Island during the Reunification Day and Labor Day holiday as well as on weekends to prevent congestion at a ferry port. The Hai Phong People’s Committee said trucks and cars with 4-7 seats will no longer be allowed to go to …

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Mitsubishi Motors takes one-time $78 mln hit from China woes

Mitsubishi Motors takes one-time $78 mln hit from China woes

Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing sales at its China unit, it said on Tuesday, as mounting competition in the world’s largest auto market hits foreign automakers. Mitsubishi made no changes to its full-year results forecast as the impact …

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Central expressway to be ready three months early

The company that is building the 49-km Nha Trang – Cam Lam Expressway in the central region wants it opened to traffic in late May instead of September as scheduled. Nguyen Van Huy, director of the Nha Trang – Cam Lam Expressway Investment Company, Ltd., said the construction had started …

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