Trump Group's project in Hung Yen to be completed in 2027?

On the afternoon of March 18, Prime Minister Pham Minh Chinh received Mr. Charles James Boyd Bowman, General Director of the Trump Organization in Vietnam - the corporation of US President Donald Trump.

The project of urban complex, eco-tourism, sports and high-end golf course in Hung Yen province has a total estimated investment of about 1.5 billion USD, proposed by the investor, a joint venture of Hung Yen Investment and Development Group Corporation and IDG Capital (representing Trump Organization).

Appreciating the enterprise investing in the project in Hung Yen province, the Prime Minister said that Vietnamese agencies will consider it comprehensively to promote the project as soon as possible, in accordance with relevant legal regulations, ensuring the interests of the parties involved.

According to Mr. Charles James Boyd Bowman, the group is working closely with the agencies with the desire to accelerate the project as quickly as possible; hopefully the project will be completed in the next 2 years (March 2027) to serve the APEC 2027 occasion.

Mr. Do Anh Tu withdrew from TPBank and TPS.

Mr. Do Anh Tu has just submitted a resignation letter from the position of member of the Board of Directors of TPBank and also requested to withdraw from Tien Phong Securities.

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Mr. Do Anh Tu has just submitted his resignation from the position of member of the Board of Directors of TPBank. Photo: TPBank

Mr. Tu commits not to intervene, not to have any complaints or lawsuits related to the content of the resignation from the Board of Directors of TPBank.

ORS shares of Tien Phong Securities, chaired by Mr. Do Anh Tu, hit the floor, causing its capitalization to evaporate by thousands of billions of VND in the past few weeks after recent incidents related to the business of Mr. Do Minh Phu's younger brother.

Three batches of bonds of Tracodi Construction and Gia Khang Investment Trade Services worth a total of nearly 3,500 billion VND were forced to stop trading from March 20.

Mr. Vu Van Tien suddenly reversed an important decision at ABBank

The Board of Directors of An Binh Bank (ABBank) has just announced the proposal to withdraw the resignation of Mr. Vu Van Tien from the position of Board member.

Mr. Tien said he wanted to accompany the Board of Directors of ABBank so he withdrew his resignation.

Mr. Tien joined the Board of Directors of ABBank in 2003 and held the position of Chairman during the period 2005-2018. He is currently Vice Chairman of the Board of Directors, Chairman of the ABBank Digital Banking and Transformation Committee.

Proposal for loan interest rate 'nearly 0%/year'

At the workshop “Bank capital contributes to promoting the private economy” organized by Banking Times on the morning of March 21, Mr. Nguyen Kim Hung - Chairman of the Board of Directors of Kim Nam Group - an enterprise operating in the fields of mining, technology, investment, real estate, logistics,... said that bank loans are still an important lifeline for any type of enterprise.

Chairman of Kim Nam Group proposed a credit package with a symbolic interest rate of "almost 0%" for the above type of business.

“If the interest rate for medium and long-term loans remains at 8-10% per year, it will be difficult for businesses to invest in innovation. Instead, businesses can compensate with corporate income tax,” Mr. Hung suggested.

Proposal to defer special consumption tax

On March 18, the Vietnam Federation of Industry and Commerce (VCCI) held a workshop on "Consulting to complete the draft Law on Special Consumption Tax", before submitting it to the National Assembly for approval at the upcoming 9th session.

Many opinions suggest that the implementation of special consumption tax should be postponed to 2028 instead of 2026 to ease the burden on businesses, avoid "difficulties on top of difficulties", and at the same time contribute to economic growth and nurture revenue sources.

After the 'cow tongue line' incident, Chagee milk tea removed the logo at the store about to open

Regarding the story of Chagee milk tea appearing for the first time in the Vietnamese market, all store billboards at the Dong Khoi - Nguyen Thiep intersection, Ben Nghe ward, District 1, Ho Chi Minh City have been removed.

In recent days, Chinese milk tea brand Chagee has been called for a boycott by domestic consumers because its mobile application displays a map with the illegal "nine-dash line", violating Vietnam's sovereignty.

Chagee is a premium milk tea brand originating from China. This brand has more than 6,000 stores worldwide.

63 market management departments officially transferred to localities

The Minister of Industry and Trade officially handed over the minutes of the handover of the market management department from this ministry to the People's Committees of provinces and cities in accordance with the direction in Resolution No. 18 on continuing to innovate and streamline the organization and apparatus to operate effectively and efficiently.

At the conference on transferring the Market Management Department of provinces and centrally-run cities to local management, on the afternoon of March 17, Mr. Tran Huu Linh - Director of the Department of Domestic Market Management and Development (Ministry of Industry and Trade) said that currently, 62/63 provinces and cities nationwide have signed the transfer.

Prime Minister: Lao Cai - Vinh Yen 500kV transmission line to be completed no later than August 31

On the morning of March 16, attending the groundbreaking ceremony and launching the emulation movement to build the 500 kV Lao Cai - Vinh Yen power transmission line project, Prime Minister Pham Minh Chinh requested that it be completed no later than August 31 this year.

The 500kV Lao Cai - Vinh Yen line is a national key project approved by the Prime Minister in principle for investment, with Vietnam Electricity Group (EVN) assigned as the investor and Power Project Management Board 1 as the investor representative.