Impressive resume of businessman Pham Nhat Minh Hoang marries runner-up

Mr. Pham Nhat Minh Hoang (born 2000) received special attention last week with his engagement ceremony with runner-up Phuong Nhi. Mr. Hoang is the second son of billionaire Pham Nhat Vuong, who holds many important positions in the billion-dollar Vingroup ecosystem.

Previously, very little personal information about this businessman was made public, like his brother Pham Nhat Quan Anh (born in 1993).

Although still quite young, Pham Nhat Minh Hoang and his brother are participating in Vingroup's strategic businesses, contributing to the completion of the high-tech industrial ecosystem, one of the three core pillars of this group.

Vietnamese billionaire meets American partner at Trump's mansion

Billionaire and Vietjet founder Nguyen Thi Phuong Thao met with strategic partners from around the world in the US from January 9-11. This is a notable event before Mr. Donald Trump returns to the White House.

The event of Vietjet and units in the Vietnamese delegation coming to the US promises big business deals between Vietnamese and American businesses.

Vietnam has had a large trade surplus with the US for many years and has been regularly placed on a watch list. Contracts for aircraft purchases or technology cooperation could help harmonize trade between the two sides.

Novaland speaks out about rumors related to Chairman Bui Thanh Nhon

No Va Real Estate Investment Group Corporation - Novaland (NVL) has just issued a statement about the rumor that Mr. Bui Thanh Nhon has resigned from the position of Chairman of the Board of Directors of Novaland Group, and resigned from the Board of Directors of the group from January 20.

Novaland affirms that this is fabricated information, completely untrue, causing serious misunderstanding for Novaland's customers, partners, shareholders, and investors, causing a stir in public opinion.

Currently, Novaland still maintains stable production and business activities and there is no disruption in the company's leadership team.

Official compulsory transfer of GPBank and DongA Bank

On January 17, the State Bank of Vietnam (SBV) held a ceremony to announce the decision to compulsorily transfer Global Petroleum Commercial Joint Stock Bank (GPBank) to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and DongA Commercial Joint Stock Bank (DongA Bank) to Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).

transfer of goods 62214.jpg
Governor of the State Bank of Vietnam Nguyen Thi Hong congratulated the banks that received and were subject to mandatory transfer. Photo: Mai Phuong.

Previously, on October 17, 2024, the State Bank also compulsorily transferred Ocean Commercial Joint Stock Bank (OceanBank, now MBV) to the Military Commercial Joint Stock Bank (MB) and Vietnam Construction Commercial Joint Stock Bank (CB) to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).

After the mandatory transfer, CB, MBV, GPBank and DongA Bank are LLCs with 100% charter capital owned by the transferee bank. These are independent legal entities and do not consolidate financial statements into the transferee bank.

Motorcycle insurance collected 431 billion, compensation nearly 42 billion: Ministry stated the reason why it is still mandatory to buy

Voters in many localities have proposed reviewing and adjusting regulations on purchasing insurance for two-wheeled vehicles in the direction of switching to a voluntary, non-compulsory form to ensure people's rights.

In fact, when an accident occurs, people encounter many difficulties in carrying out insurance procedures, are harassed by insurance companies, and are given many cumbersome procedures, leading to difficulty in getting paid.

According to the Ministry of Finance, motorbikes are still the biggest cause of accidents in Vietnam; in the coming time, inspections will be strengthened and cases of violations of regulations on compulsory civil liability insurance of motor vehicle owners will be strictly handled.

Vietnam Chemical Group has a new general director

Mr. Nguyen Huu Tu, member of the group's Board of Members, has just been appointed to the position of General Director of the Vietnam Chemical Group (Vinachem).

This appointment was made on the basis of Official Dispatch No. 212 dated January 15 of the Government Office and Decision No. 39 dated January 15 of the State Capital Management Committee at Enterprises.

Tan Tao shares will be forced to delist.

The Ho Chi Minh City Stock Exchange has just announced that it will carry out mandatory delisting procedures for ITA shares of Tan Tao Investment and Industry Joint Stock Company (Tan Tao Company; HoSE: ITA).

Since the stock was suspended from trading, Tan Tao Company's violations of information disclosure have not been resolved and are likely to continue, affecting shareholders' rights.

Termination of operations of multi-level marketing company once related to singer Doan Di Bang and his wife

The National Competition Commission, Ministry of Industry and Trade has just sent a document to the Department of Industry and Trade of provinces and centrally-run cities regarding the expiration of the multi-level marketing registration certificate of Aloe Trading Company Limited (Lo Hoi Company).

Previously, singer Doan Di Bang and her businessman husband appeared at this multi-level marketing company's events as senior managers.

Operating in multi-level marketing for more than 20 years, the financial situation of Aloe Company has not been made public. This business has stopped operating in many provinces and cities.