Tony Nguyen

> Business News Vietnam Proposes Law on Managing Digital and Crypto Assets On the morning of November 23, the Government of Vietnam presented the National Assembly with the draft Digital Technology Industry Law, which includes a dedicated chapter on digital and crypto assets. Defining Digital and Crypto Assets According to the draft, digital assets are …

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> Business News Advancing the Green Economy in the Mekong Delta Experts and local leaders are optimistic that through public-private collaboration, the Mekong Delta (ĐBSCL) will transform into one of Vietnam’s leading green, innovative, and sustainable economic regions. On November 16, the plenary session of the 2nd Mekong Startup Forum 2024 officially commenced under the …

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> Business News New Amendments to Vietnam’s Advertising Law Address Online and Cross-Border Advertising Regulations Overview On the morning of November 8, Minister of Culture, Sports, and Tourism Nguyễn Văn Hùng, on behalf of the Prime Minister, presented to the National Assembly a proposal for the draft law amending and supplementing certain provisions of the …

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> Business News Prohibition of Forcing Customers to Purchase Insurance When Taking Out Bank Loans Voters from Khanh Hoa province have raised concerns with the State Bank of Vietnam (the “SBV”) about a recent trend where, when applying for bank loans, particularly from commercial banks, they are “forced” to purchase insurance products such as life …

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> Vietnam News Iranian Man Arrested in HCMC for Stealing from Russian Tourists with Sleight-of-Hand Trick An Iranian man was arrested in Ho Chi Minh City for allegedly stealing almost $3,000 from a Russian couple. The suspect, Pous Moshtaghhossein, used a sleight-of-hand trick while engaging the tourists in conversation about currency differences. During the exchange, …

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> Business News Vietnam’s Largest Petrochemical Complex Begins Operations, Boosting Industry Competitiveness The $5 billion Southern Petrochemical Complex in Ba Ria – Vung Tau Province, Vietnam, has commenced commercial operations. Developed by Long Son Petrochemicals, a subsidiary of the Siam Cement Group, the complex can produce 1.35 million tons of olefins and 1.4 million tons …

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> Business News Experts Caution Against Borrowing to Invest Amid Record Gold Price Surge Vietnam’s gold prices have risen to unprecedented levels, with gold ring prices reaching record highs of up to VND 83.45 million per tael.  Factors such as the US Federal Reserve’s interest rate cuts, geopolitical tensions, and increased central bank gold purchases …

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> Business News Property Tycoon Truong My Lan Defends $4.5 Billion Transfers Amid Embezzlement Allegations Truong My Lan, a prominent Vietnamese property tycoon, claimed in court that the $4.5 billion transferred overseas was her personal money, not the funds of Saigon Commercial Bank (SCB). She explained that between 2012 and 2022, she borrowed $3 billion …

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