Investments

"Despite admitting to bribing two former directors of the Vehicle Registration Bureau, subordinates continue to fervently defend their actions. In a display of selective memory, one individual claimed to have no recollection of the exact amount given, while another boldly asserted that such practices were merely 'standard business procedure,' revealing a disturbing normalization of corruption."

On August 9, the Hanoi People's Court will resume the first-instance trial of defendant Nguyen Thi Loan, former Chairman of the Vimedimex Group, for violations in land auction in Hanoi.

On the morning of July 30, in Hanoi, the Government coordinated with the National Assembly's Standing Committee and relevant agencies to organize a conference to propagate and deploy a number of laws and resolutions of the 15th National Assembly.

Viettel Global, a leading international investment corporation, unveiled its impressive Q2 financial report. The report highlights a remarkable 27% surge in revenue growth, with after-tax profits soaring to over VND 1,200 billion.

The Defense Ministry's Criminal Investigation Agency has arrested and prosecuted Vo Thanh Tien, former Chairman and CEO of Cadovimex, on charges of "fraudulent appropriation of property."

Inflation is showing signs of intensification, affected by numerous negative factors, both domestically and internationally. What trajectory will the inflation trend take in the future, and what pressures lie ahead?

The sale of carbon credits from forest projects is gaining traction in many localities across the country, with a keen interest in early implementation. As this is a novel concept, the Department of Forestry has disseminated a series of related issues to ensure that provinces have a clear understanding of this initiative.

On the morning of July 29th, at the Government Headquarters, Deputy Prime Minister Tran Luu Quang received Mr. Liu Yenhua, Chairman of Sailun Group and Sailun Vietnam Co., Ltd.

"With an emphasis on the 'five institutions' of the regime, Prime Minister Pham Minh Chinh underscored the importance of a proactive and forward-thinking institutional approach to catalyze Vietnam's rapid and sustainable development. By maximizing potential and creativity, a robust institutional framework can pave the way for breakthrough progress, ultimately serving the people and fulfilling the nation's aspirations in the context of industrialization, modernization, and international integration."

The Manufacturing Purchasing Managers' Index (PMI) for Vietnam remained unchanged at 54.7 in July, indicating a significant improvement in business conditions for the nation's manufacturing sector. In fact, the last time faster growth was recorded was back in November 2018. This substantial advancement was observed across all fields of consumer goods, intermediate goods, and investment goods.