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CEO of PSH Arrested for Fraud and Embezzlement
On October 18, 2025, Vietnam’s Ministry of Public Security’s Investigation Agency (MPIA) announced that on October 15, they had issued an arrest warrant for Ranjit Prithviraj Thambyrajah (born in 1960, Australian nationality), Director of Berhero Pty Limited, operating under the trade name Acuity Funding. Thambyrajah was detained pending investigation for allegedly providing false information related to the signing of a loan agreement with Nam Song Hau Petroleum Investment and Trading JSC (UPCoM: PSH) for a total of $720 million.
KBSV Research Revises VN-Index Forecast to 1,814 Points by Year-End 2025
In its latest market outlook report for the remainder of 2025, KB Securities Vietnam’s Research Division (KBSV Research) has significantly revised upward its year-end target range for the VN-Index to 1,814 points, a notable increase from the previously forecasted 1,530 points in its most recent report.
Unlocking Vietnam’s Fund Industry Potential: SSIAM CEO Proposes 4 Strategic Solutions
On the morning of October 17, 2025, the Ministry of Finance hosted the conference titled "The Fund Industry in the Development of the Securities Market and Attracting Indirect Investment Capital into Vietnam." During the conference, the CEO of SSI Asset Management Company (SSIAM) presented key recommendations aimed at fostering the sustainable growth of the fund industry.
