There is a subject hiring people to queue up to buy gold, pushing up the price.

Currently, there is a widespread false information about the State Bank of Vietnam (SBV) lacking gold to sell. At many gold selling points, there are people who hire people to queue up to buy gold with the aim of pushing up prices, taking advantage of the difference, and causing market instability.

The State Bank of Vietnam said it is coordinating with the police to verify and strictly handle acts of speculation and market manipulation. Along with maintaining the supply of SJC gold bars to meet the legitimate and legal needs of the people, the State Bank of Vietnam will also proactively deploy solutions to strongly combat the phenomenon of speculation and hoarding.

The State Bank of Vietnam affirmed that it has enough resources and determination to stabilize the market and control the difference between domestic and world gold prices at an appropriate level. (See details)

Two foreigners helped Ms. Truong My Lan transport hundreds of thousands of billions across the border.

Regarding the Van Thinh Phat phase 2 case, there were two foreigners illegally transporting currency across the border, Chiu Bing Keung Kenneth and Chen Yi Chung.

According to the investigation, Chiu Bing Keung Kenneth (a citizen of the United Kingdom of Great Britain and Northern Ireland) was assigned by Ms. Truong My Lan to manage 11 companies in and outside the country. Chiu actively assisted Ms. Lan in illegally transporting currency across the border, with the total amount of money transferred by the 11 foreign companies being more than 1.4 billion USD, equivalent to more than 34,000 billion VND.

Another foreigner who illegally transported money across the border was Chen Yi Chung (Hong Kong - China nationality), acting General Director of SCB Bank. Chen actively assisted Ms. Lan in illegally transporting money across the border with a total amount of more than 708 million USD, equivalent to more than 16,000 billion VND. (See details)

Thaco Agri unexpectedly reports profit, 'agricultural hardship' stops haunting billionaire Tran Ba ​​Duong?

Billionaire Tran Ba ​​Duong's Thaco Agri unexpectedly reported a profit after 2 years of heavy losses. This could be a turning point for Truong Hai Group's agricultural sector after Bau Duc's rescue of HAGL.

A few years ago, after taking over the agricultural sector from Bau Duc, Mr. Tran Ba ​​Duong's Thaco encountered many difficulties. Mr. Duong himself shared with the press about the challenges in this sector. However, Thaco still wanted to build a regional agricultural empire, thanks to the large land area taken over from HAGL Agrico. (See details)

Tran Ba ​​Duong Thaco Okok 952.jpg
Mr. Tran Ba ​​Duong. Photo: Thaco

Cancel temporary suspension of exit from the country for the owner of Trung Nam Group

Mr. Nguyen Tam Thinh, Chairman of the Board of Directors of Trung Nam Construction Investment Joint Stock Company (Trung Nam Group), had his temporary suspension of exit from the country lifted from June 1 after completing his obligation to pay more than VND21 billion in tax debt.

Trung Nam Group was established in 2004, starting out as a unit in the construction sector. After 20 years of operation, Trung Nam Group has become a multi-industry corporation, operating in the fields of: energy, infrastructure - construction, real estate, electronic information industry. (See details)

VinaCapital Investment Director Andy Ho suddenly passed away

VinaCapital Investment Fund issued a statement on the afternoon of June 6 announcing that Mr. Andy Ho, Investment Director of VinaCapital, passed away that morning at his home in Ho Chi Minh City.

Mr. Andy Ho is a leading investment manager in the field of capital market development and equitization and corporate restructuring opportunities in Vietnam. (See details)

State Bank proposes 3 ministries to coordinate in managing the gold market

The State Bank of Vietnam has just sent an official dispatch to three ministries: Finance, Public Security and Industry and Trade, requesting support in managing the foreign exchange and gold markets.

Accordingly, the SBV requested the Ministry of Public Security, the Ministry of Finance and the Ministry of Industry and Trade to coordinate with the SBV and relevant authorities to strengthen market management. At the same time, promptly implement measures as prescribed to strictly handle violations of the law in foreign exchange and gold trading and service provision activities. (See details)

Minister of Finance: Collected 15.6 trillion VND in taxes from e-commerce platforms

On the afternoon of June 4, at the National Assembly's question-and-answer session on the group of issues of management, supervision, and protection of consumer rights in e-commerce activities, the two ministers of Industry and Trade and Finance informed about tax collection in the field of e-commerce on social networks.

The Minister of Finance informed that the revenue in 2022 was 83,000 billion VND, in 2023 it was 97,000 billion VND and in the first 5 months of the year it was 50,000 billion VND.

There are 96 foreign suppliers such as Facebook, Google, Tiktok... that have registered and paid taxes on the Ministry of Finance's electronic information portal on e-commerce platforms. These large corporations have paid 15.6 trillion VND in e-commerce taxes. (See details)

Ministry of Industry and Trade: Rooftop solar power being able to discharge to the grid is 'favored' and 'lucky'

The Ministry of Industry and Trade has just sent the Ministry of Justice for appraisal of the Draft Decree of the Government stipulating mechanisms and policies to encourage the development of self-produced and self-consumed rooftop solar power.

According to the Ministry of Industry and Trade, using rooftop solar power for self-production and self-consumption is beneficial and convenient for organizations and individuals, not for other people or the Government. Thus, this is not an investment for business but an investment to buy convenience. Organizations and individuals can choose to discharge to the grid 'as a favor, as luck'. (See details)

Prime Minister requests inspection and examination of livestream sales activities

Prime Minister Pham Minh Chinh has just signed Official Dispatch No. 56/CD-TTg requesting ministries, branches and localities to continue strengthening state management in the field of e-commerce and business on digital platforms.

The Prime Minister requested to strengthen inspection and examination of livestream sales activities; in case of detecting organizations or individuals selling goods or receiving commissions from advertising or selling goods with signs of violating the law, they must transfer to competent authorities for handling in accordance with the provisions of law.