Controversial statements by the founder of Bao Tin Minh Chau brand

At around 5:30 PM on May 5, about a day after facing significant criticism over its recruitment campaign, Oatside Vietnam issued an official reply on its Facebook page, which has about 14K followers. The company said it acknowledged discussions surrounding the recent CMO recruitment and admitted that the campaign deployment…

Dak Lak-based business owner prosecuted for tax evasion after reporting 143 billion VND in revenue, paying only 900,000 VND in taxes

A business owner in Dak Lak province has been prosecuted for tax evasion after reporting revenue of 143 billion VND but paying only 900,000 VND in taxes. On April 6, information from the Dak Lak Provincial Police Department's Economic Police confirmed that a business owner, Mrs. M.T.H. (residing in Krông…

THACO–Becamex consortium to invest over 124 trillion VND to develop two metro lines connecting Ho Chi Minh City and Bình Dương

Under the proposed plan, two regional metro lines would connect Bình Dương and Ho Chi Minh City: one from Bình Dương New City to Suối Tiên, and another from Thủ Dầu Một to central Ho Chi Minh City. The Bình Dương New City–Suối Tiên line is prioritized for earlier deployment,…

Bao Tin Minh Chau owner explains directives given to his son to use a personal account and operate two software systems

Mr. Vu Minh Chau, owner of Bao Tin Minh Chau Jewelry Co., Ltd., has admitted that he agreed to and directed his son to use a personal account to receive the company’s sales revenue. He also acknowledged directing the operation of two software systems in parallel to manage actual business…

General Secretary To Lam elected President of Vietnam for the 2026-2031 term

On the morning of April 7, the 16th National Assembly elected General Secretary To Lam to serve as President of the Socialist Republic of Vietnam. With 495 out of 495 delegates voting in favor, the National Assembly approved the resolution to elect the President for the 2026–2031 term. Immediately after…

Petrolimex cautions about the material impact of electric vehicles on retail gasoline and diesel sales

Petrolimex forecasts that retail gasoline and diesel sales will face significant pressure starting this year, with the impact expected to become more pronounced in the coming years as electric vehicles (EVs) spread further. Targets for 2024: revenue growth, profit decline In documents submitted for the Vietnam Oil and Gas Corporation…

JPMorgan CEO warns of US economic recession risk amid Middle East conflict

Jamie Dimon, the CEO of JPMorgan, said the Middle East conflict could trigger a renewed inflationary cycle and higher yields, potentially pushing the United States into a recession. In a letter to shareholders dated April 6, Dimon forecast a positive outlook for the U.S. economy in 2026. Tax cuts, deregulation,…

Up to 20 billion VND in support for battery and used-car recycling firms under Government Decree 110

Recycling companies handling batteries and used vehicles slated for disposal may receive up to 20 billion VND from the Environmental Protection Fund under a Government Decree. How support under Decree 110 works Under Government Decree 110 on the responsibility for recycling products, packaging, and waste management by producers and importers…