•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
On the stock market, Vinaconex’s VCG shares attracted strong buying interest, with the price rising to 22,750 dong per share, marking the third consecutive ceiling. By 10:30 a.m. on March 12, about 6.7 million shares had been matched, with trading value exceeding 150 billion dong. Vinaconex’s market capitalization increased to 14.7 trillion dong.
Vinaconex said on March 7 that it received a document from the Police Investigation Agency under the Ministry of Public Security related to the indictment and remand of two senior executives to assist the investigation.
The two individuals remanded were:
Vinaconex stated that Toi was arrested on charges of violating bidding regulations causing particularly serious consequences, including paying money to investors to secure bids. Mau was remanded to investigate violations of bidding rules causing particularly serious consequences.
Earlier, Vinaconex reconfigured its top leadership. On February 13, the Board approved dismissing the Chairman and appointing Tran Dinh Tuan to take the role.
Vinaconex is one of Vietnam’s largest construction firms and drew attention when joining the Vietur consortium, which won a bid worth more than 35,000 billion dong for construction and installation of equipment at the Long Thanh International Airport passenger terminal, a project invested by Airports Corporation of Vietnam (ACV).
Regarding the project’s investor, the Supreme People’s Procuracy has also approved indictments and remand for Vu The Phiet (Chairman of ACV’s Board) and Nguyen Tien Viet (Board member, Deputy General Director) in relation to bidding violations and taking money to facilitate a contractor’s bid.
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…
