Morning news 11-1: Billionaire Pham Nhat Vuong establishes robot company

After VinRobotics, Mr. Vuong established VinMotion company - Photo: Vingroup

Billionaire Pham Nhat Vuong founded a robotics company.

The Board of Directors of Vingroup Corporation (VIC) has just approved the participation in contributing capital to establish VinMotion Multi-purpose Robot Research, Development and Application Joint Stock Company.

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This robotics company is headquartered in Long Bien, with a charter capital of 1,000 billion VND. Vingroup's capital contribution ratio at VinMotion is 51%.

At the end of November last year, Vingroup also officially announced the establishment of VinRobotics Robotics Research, Development and Application Joint Stock Company with a charter capital of VND1,000 billion.

Of which, Vingroup holds 51% of shares, Mr. Pham Nhat Vuong contributes 39% of shares, Mr. Pham Nhat Quan Anh and Mr. Pham Nhat Minh Hoang each have 5% of shares.

The position of General Director of VinRobotics is held by Mr. Ngo Quoc Hung.

Dam Sen Park owner temporarily pays nearly 49 billion VND in land rent

The Board of Directors of Phu Tho Tourist Services Joint Stock Company (Phu Tho Tourist) has just approved the temporary payment of VND 48.8 billion in arrears of land tax and late payment fines for land rent according to the notice dated December 9, 2024 of the District 11 Tax Department while waiting for the capital settlement of the transition period by the competent authority.

To ensure financial resources, Phu Tho Tourist's Board of Directors also approved a mortgage loan from Vietbank and VBB with an amount of 4 billion VND.

Dam Sen Park – Photo: PHUONG QUYEN

Previously, the District 11 Tax Department under the Ho Chi Minh City Tax Department issued 12 decisions on tax enforcement by means of withdrawing money from accounts issued on November 19.

The reason Phu Tho Tourist was forced to pay is because the company has tax arrears of more than 90 days with a total amount of over 3.4 billion VND. As of December 4, 2024, the Tax Department has terminated the enforcement decision.

Phu Tho Tourist currently manages and operates four business units including: Dam Sen Cultural Park (also known as Dam Sen Kho), Ngoc Lan - Phu Tho hotel cluster, Dam Sen Tourist Service Center and Vam Sat mangrove eco-tourism area.

Many businesses borrow bonds but have below average credit rating

In a newly released report, Visrating said that newly issued corporate bonds in 2024 will reach VND485,000 billion, an increase of 40% compared to 2023.

Notably, in December 2024 alone, 19% of bond issuers had credit profiles at “Below Average” or weaker, most of which were in the non-financial group.

In December 2024, there were 2 bonds with first late payment in December belonging to Nova Real Estate Investment Group Corporation. The rate of late payment in the whole market by the end of December 2024 was 14.5%, according to Visrating.

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Visrating experts assess that 2 out of 9 bonds maturing in December 2024 are at high risk of not being able to repay the principal. The recovery rate of overdue bonds increased by 1% compared to the previous month, reaching 23.9%.

The report also pointed out that there are 11 issuers that are late in paying principal/interest for the first time in 2024 up to now, a significant decrease compared to 79 organizations that are late in paying principal/interest in 2023.

The cumulative delinquency rate at the end of December 2024 remained at 14.5%. The energy group had the highest delinquency rate at 43%.

Visrating expects the actual amount of new defaulted bonds to be higher than the current figure. It estimates that 15 high-risk bonds will default on their principal payments by December 2024.

A business in Ho Chi Minh City was fined for making false statements in its financial statements.

The State Securities Commission has just issued Decision No. 1474 on administrative sanctions in the securities sector against Chuong Duong Joint Stock Company, headquartered at 328 Vo Van Kiet, Co Giang Ward, District 1, Ho Chi Minh City.

Among them, there was the act of publishing false information. For this act, Chuong Duong Company was fined 125 million VND.

The stock market has just experienced an explosive session of points and liquidity - Photo: QUANG DINH

Specifically, this company published incorrect information on the indicators on the consolidated balance sheet, consolidated income statement, consolidated cash flow statement in the audited consolidated financial statements for 2022 compared to the figures on the audited consolidated financial statements for 2023, which were retroactively adjusted...

In addition to paying the fine, this enterprise must also take remedial measures including forcing the cancellation or correction of information for the act of publishing false information.

Chuong Duong Company also had to pay a fine of VND 112.5 million for failing to ensure that members of the Audit Committee met the standards and conditions and were not in the cases prescribed by law.

Ministry of Finance proposes 5 forms of handling public housing and land

News from the Ministry of Finance, the ministry is seeking opinions on a draft decree regulating the rearrangement and handling of public assets, including houses and land of agencies, organizations and units.

According to the draft, there will be 5 forms of handling public assets, including retaining for continued use, recovery, transfer, transfer to local management, and temporary retention for continued use.

1. For houses and land with long-term use value, it is not necessary to reclaim or transfer. Agencies and organizations continue to manage and use these assets.

2. Applicable to houses and lands that are no longer suitable for their intended use or do not meet planning requirements, may cause waste or no longer serve work needs.

3. When public assets need to be transferred between agencies, organizations and units to ensure effective use and optimization of resources.

4. Housing and land facilities will be transferred to localities for management, exploitation and use, in accordance with the planning and development needs of each area.

5. In some cases, public assets may be temporarily retained for various purposes, and will be dealt with later.

One of the notable points is the elimination of the form of "selling public assets", helping to create a more solid legal foundation, protect public assets and ensure long-term interests for the state and the community.

Ho Chi Minh City adjusts bus routes 30 and 55 from January 15

The Ho Chi Minh City Public Transport Management Center announced the adjustment of bus route 30 (Tan Huong market - Ho Chi Minh City National University) and route 55 (Quang Trung software park - new Eastern bus station).

Specifically, route number 30 has the following route:

Departure: Nhieu Loc residential area bus station – Le Thuc Hoach street – Binh Long street – Tan Huong street – Doc Lap street – Luy Ban Bich street – Au Co street – Truong Cong Dinh street – Truong Chinh street – (Bay Hien crossroads) – Cach Mang Thang Tam street – Dien Bien Phu street – Pham Ngoc Thach street – Le Duan street – Nguyen Binh Khiem street – Nguyen Huu Canh street – Saigon roundabout – Nguyen Huu Canh street – Dien Bien Phu street – Nguyen Van Thuong street – Van Thanh bus station.

Return: Van Thanh bus station - Nguyen Van Thuong street - Dien Bien Phu street - turn around at Hang Xanh intersection - Dien Bien Phu street - Nguyen Huu Canh street - Ton Duc Thang street - Le Duan street - Pham Ngoc Thach street - Vo Thi Sau street - Cach Mang Thang Tam street - (Bay Hien intersection) - Hoang Van Thu street - Xuan Dieu street - Xuan Hong street - Truong Chinh street - Truong Cong Dinh street - Au Co street - Luy Ban Bich street - Doc Lap street - Tan Huong street - Binh Long street - Le Thuc Hoach street - Nhieu Loc residential area bus station.

Ho Chi Minh City currently has 2,209 buses in operation, of which 546 are green buses (using electricity or clean CNG fuel) - Photo: CHAU TUAN

Route 55 has the following route:

Outbound: Quang Trung Software Park – National Highway 1 – To Ky Street – U-turn at the intersection with Dong Bac Street – To Ky Street – Quang Trung Street – Nguyen Kiem Street – Hoang Minh Giam Street – Dao Duy Anh Street – Ho Van Hue Street – Hoang Van Thu Street – Phan Dang Luu Street – Bach Dang Street – Xo Viet Nghe Tinh Street – Dien Bien Phu Street – Saigon Roundabout – Nguyen Huu Canh Street – Dien Bien Phu Street – Nguyen Van Thuong Street – Van Thanh Bus Station.

Return: Van Thanh bus station – Nguyen Van Thuong street – Dien Bien Phu street – Xo Viet Nghe Tinh street – Bach Dang street – Phan Dang Luu street – Nguyen Kiem street – Nguyen Thai Son street – Pham Ngu Lao street – Quang Trung street – To Ky street – Quang Trung software park.

Expected domestic news and events from January 11 to 18

– January 11: The working delegation of Naval Region 3 visited and wished a Happy New Year to Ly Son Island, Quang Ngai; in Ho Chi Minh City: Conference to summarize activities of neighborhoods, hamlets, residential groups, and people's groups in the period 1975 - 2025; Fire prevention and fighting drill; Program "Tet sum vay - Xuan doc ket".

– January 12 in Ho Chi Minh City: Contest “Decorating the five-fruit tray for Tet”; Launching “Become a digital citizen – Quickly connecting citizens with the government; Summary and awarding of the 7th District 5 International Lion Dance Competition in 2025.

– January 13: The Central Propaganda Department organized a national conference on breakthroughs in science, technology, innovation and national digital transformation.

– From January 14-15: Prime Minister of the Russian Federation officially visits Vietnam

– January 14: The Vietnam Union of Literature and Arts Associations held a National Committee Conference to summarize work in 2024 and deploy work in 2025.

– January 15: Central Steering Committee 35 held a conference to review the work of protecting the Party's ideological foundation, fighting against erroneous and hostile views in 2024 and deploying key tasks in 2025.

– January 15: National scientific conference “Theoretical and practical issues on building culture in the Party in the new period”

– From January 18 to 20: Homeland Spring Program 2025, theme “Vietnam – Rising up in the new era”.

Main news on Tuoi Tre daily today, January 11. To read Tuoi Tre printed newspaper E-paper version, please register for Tuoi Tre Sao HERE

Weather news today 11-1

Sharing Tet – Photo: HAI QUYNH

Source: https://tuoitre.vn/tin-tuc-sang-11-1-ti-phu-pham-nhat-vuong-lap-cong-ty-nguoi-may-20250110122456949.htm