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Two senior personnel with extensive experience in publishing, distribution, and retail have been appointed to key positions at the Ho Chi Minh City-based Culture Corporation of Phuong Nam (HOSE: PNC). This development comes as the Tien Long Group is gradually taking over and restructuring this enterprise.

As of now, the country has reorganized its administrative units, resulting in 52 provincial-level divisions (with 23 remaining as provinces). The final goal is to have 34 provinces and centrally-controlled municipalities. Additionally, there have been significant changes at the communal level, with the reorganization of 10,035 communal-level units, leaving 3,321, which is a remarkable 67.9% achievement.

The upcoming ETF rebalancing on June 20 will see a comprehensive overhaul of the underlying portfolios.