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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Vietnam’s stock market upgrade prospects remain in focus ahead of the FTSE Russell mid-year review due on April 8, 2026. SSI Research said the decision will be a pivotal test for Vietnam’s transition from a frontier market to an emerging market, a milestone that could open the door to a…
Tomorrow, the Ho Chi Minh City People’s Court will hold a first-instance trial from April 7 to April 10 for 22 defendants in a case involving the land at 39-39B Ben Van Don Street, Xom Chiếu ward, Ho Chi Minh City. The defendants include Le Quang Thung, 80, former acting chairman of the Vietnam Rubber Group; Nguyen Thi Nhu Loan, 66, former chairwoman of the board of Quốc Cường Gia Lai JSC; and 11 others charged with violations of regulations on managing and using state assets, resulting in losses and waste.
The defendant Dao Thi Huong Lan, former director of the Ho Chi Minh City Finance Department, who is currently a fugitive, will be tried in absentia.
The victim in the case is the representative of the state’s stake in the Vietnam Rubber Industry Group. Parties with interests or rights involved include the Ministry of Finance, the Ministry of Agriculture and Rural Development (old), the People’s Committee of Ho Chi Minh City, Gia Lai tax authorities, Quốc Cường Gia Lai JSC, and 88 other individuals and organizations.
Under the trial plan, proceedings will run from April 7 to April 10. The presiding judge is Nguyen Thi Ha, Deputy Chief Judge of the Criminal Court of Ho Chi Minh City.
According to the indictment, during the process of executing the handling plan and disposition of the land at 39-39B Ben Van Don, the defendants at the Vietnam Rubber Group and related entities allegedly violated regulations on state asset management by transferring state assets without valuation and conducting auctions contrary to the law.
Some defendants are also accused of bribery and of violating regulations on managing and using state assets, causing losses and waste to the state of more than 542 billion dong.
Le Quang Thung, the indictment says, exploited his position and agreed to receive USD 3 million. However, he allegedly received USD 200,000 and SGD 200,000, plus USD 300,000 from Le Y Linh and Dang Phuoc Dua, to sell the 39-39B Ben Van Don land to Linh and Dua illegally.
The indictment further states that Nguyen Thi Nhu Loan acknowledged that the 39-39B Ben Van Don land was state property, yet she allegedly facilitated and transferred funds to help Le Y Linh and Dang Phuoc Dua purchase the land without appraisal or bidding, contrary to the law. The land was later transferred back to Loan, which allegedly resulted in losses to the state. Through the buying and selling of the land, Loan allegedly benefited 297.8 billion dong.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
