The State Securities Commission of Vietnam (SSC) has imposed a fine of VND 275 million on a company for providing securities-related services without prior reporting to the SSC, as mandated by the government’s Decree No. 156/2020/ND-CP dated December 31, 2020, on administrative sanctions for violations in the securities field. The company was also found to be offering securities-backed loan services to customers without the necessary approvals or guidelines from authorized state agencies. Additionally, the company provided a stock pre-payment service while under a warning, without reporting to or receiving written consent from the SSC.
The additional penalty imposed is a two-month suspension of the company’s stock pre-payment service, as per Clause 7, Article 24 of Decree No. 156/2020/ND-CP, which has been amended and supplemented according to Clause b, Article 1 of Decree No. 128/2021/ND-CP.
The duration of this additional penalty is two months, effective from the date this decision comes into force.
The most extensive bribery case ever in Thanh Hoa: Numerous suspects prosecuted for “Giving and Receiving Bribes”
The Provincial Security Investigation Agency (PSIA) of Thanh Hoa province announced on January 31st that it has made the decision to initiate a prosecution against 23 individuals in connection with the offenses of “Accepting bribes” and “Giving bribes” as stipulated in Article 354(3) and Article 364(2) of the Criminal Code.
Accelerating disbursement of the 120 trillion VND credit package for social housing
Deputy Prime Minister Trần Hồng Hà has recently issued directives regarding the implementation of the 120,000 billion VND credit package for investors and buyers of social housing, workers’ housing, and projects for the renovation and construction of apartment buildings.
“Prosecution of government officials, land registration officers, and tax department employees in the largest bribery case ever”
The Thanh Hoa Police Investigative Agency has initiated legal proceedings against 23 individuals involved in the crimes of “Bribery” and “Receiving bribes”. This is the largest bribery case in terms of the number of suspects ever discovered and apprehended by the Thanh Hoa Police.
Mobile World achieves revenue of VND118,000 trillion: TVs, tablets, and phones all decrease by 10% – 50%, while one product grows in both quantity and revenue.
Mobile World Investment Corporation (MWG) has recently announced its 2023 business results. According to the report, the company’s consolidated revenue reached over 118 trillion Vietnamese dong, equivalent to 89% of the revenue in 2022.
Vietnam’s Irresistible ‘Specialty’ That China Desperately Wants to Revive: Highly Popular from the US to Asia, Bringing in Millions of Dollars
Vietnam is one of the largest exporting countries in the world, along with China and the Philippines.
