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“HQC Achieves Only 25% of Annual Profit Plan After 9 Months, Embarks on VND...
Despite third-quarter revenue more than doubling year-over-year, HQC's net profit reached only nearly VND 9 billion, a 17% decline due to the absence of recorded profits from business collaborations. After nine months, the company has achieved just one-quarter of its annual profit target.
Effective November 1st: Mandatory Reporting for Specific Money Transfers
As of November 1st, several new policies come into effect, including a regulation requiring all money transfers to be reported to the Anti-Money Laundering Agency.
Bank Executive Tống Minh Hoà Detained in Custody
A bank deputy manager in Dak Lak borrowed over 4.8 billion VND under the pretext of "rolling over loans for clients," but in reality, the funds were used for online financial investments.
