A few months before Baemin - a unicorn startup in the food delivery field from Korea - announced its withdrawal from Vietnam, the CEO of their parent company stated that in the Vietnamese market, their business operations in their field "never made a profit".
The registered capital is the initial resource to maintain business operations and record investor investments. It also serves as the limited liability foundation for assets within the company's registered capital in the face of legal obligations. However, recent noncompliance cases regarding registered capital contributions in certain securities market businesses have revealed the potential criminal risks if regulations are not strictly adhered to.
Recently, Hoang Anh Gia Lai Joint Stock Company announced that it has received Decision No. 154/QD-XPHC from the State Securities Commission regarding administrative penalties on February 6th, 2024. In this decision, the SSC requested the company to amend information related to the investor who is expected to purchase the private placement shares of HAG, which is the Vietnam Cat Fund Management Joint Stock Company.
Mr. Pham Dinh Cu, former Chairman of Phu Yen province, has been recommended for disciplinary action by the Central Inspection Committee for political ideology decay, ethical violations, and legal infringements.
On April 26th afternoon, the Annual General Meeting of Shareholders of Development Investment Construction Joint Stock Corporation (HOSE: DIG) in 2024 was held in Vung Tau.
Viettel Global, a leading international investment corporation, has released its consolidated financial statement for Q1 2024. The report showcases remarkable growth with a substantial 22% increase in revenue and an impressive 175% surge in net profit compared to Q1 2023.
From May 08-10, the WTC Expo International Exhibition Center in Binh Duong province will host the Vietnam Paper and Packaging Exhibition - VPPE 2024 and the 3rd Vietnam International Exhibition on Electricity, Energy, Industrial Machinery and Equipment, Automation - EMA Vietnam 2024.
On the morning of April 26, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank, HOSE: STB) held its 2024 annual general meeting of shareholders to approve the business plan, profit distribution plan, and elect an additional member of the board of directors.
According to the consolidated financial statement of the first quarter of 2024 just released, The Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank, HOSE: CTG) recorded a pre-tax profit of over VND 6,210 billion, up slightly by 4% year-on-year due to a 20% increase in credit risk provision expenses.