Nguyen Dang Quang, chairman of the Masan Group, the owner of many well-known food brands, and deputy chairman of Techcombank, Monday attended an event run by his company to dispel the rumor that he had been arrested following the bust of banking mogul Nguyen Duc Kien last week. Quang, who is the second richest person on the Vietnamese stock market with total assets worth some VND10 trillion (roughly US$500 million), was rumored to have been detained by police due to economic violations after similar arrests were directed towards Kien for illegal trading activities at his three personal companies, and ACB ex-CEO Ly Xuan Hai. No investigative authorities had confirmed the information. The business tycoon in question, who is known as the owner of the popular Chinsu sauce, however showed up at an event organized by Masan at Ho Chi Minh City’s New World Hotel on Monday. “My normal presence here is the answer to the questions around my being arrested or not,” he told attendees. Quang said he was in the US from August 17 to 27 to complete procedures for his son to enroll in an American school. “I’m still the chairman of Masan, and deputy chairman of Techcombank,” he asserted.
More
Vietnam’s farm produce preferred in int’l market
Agricultural products remain Vietnam’s key export earner
Read more
McLaren 750S makes debut in Vietnam
A striking McLaren 750S Spider, resplendent in a vibrant orange hue, took center stage at its debut ceremony held in Ho Chi Minh City
1 day agoVietnam’s central bank begins currency intervention to address market volatility
The US$/VND exchange rate has been on an upward trajectory in recent days
9 hours agoQ1 marks highest increase in remittances to Ho Chi Minh City in 3 years
Incoming remittances to Ho Chi Minh City reached nearly US$2.9 billion in the first quarter this year
2 days agoVietnam's FPT Retail plans 400 new pharmacies amid phone market challenges
The expansion will bring the total number of FPT Retail’s pharmacies to 1,900
2 days agoGold shops in Ho Chi Minh City temporarily shut to duck inspections
The Vietnam Directorate of Market Surveillance has launched a large-scale inspection into gold shops in various localities
3 days agoHighlights
2 foreign tourists injured in river boat crash in southern Vietnam
The two tourists both broke their left legs
Vietnam, Venezuela ink cooperation deals in 5 fields
15 minutes agoPhotos
Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi
He drew the virus, vaccine, and earth on the exterior walls of a house
Latest news
Vietnam, Venezuela ink cooperation deals in 5 fields
Vietnam and Venezuela established diplomatic relations in 1989 and the two nations entered a comprehensive partnership in 2007
5 high school students wounded in Maryland shooting
One victim was in critical condition and the others were in stable condition
IMF concerned about debt, fiscal challenges facing low-income countries
The IMF was working to reinforce its ability to support low-income countries hit hardest by recent shocks
Tesla to recall Cybertruck over acceleration defect
Tesla is recalling 3,878 Cybertruck vehicles because of the defect
2 foreign tourists injured in river boat crash in southern Vietnam
The two tourists both broke their left legs
Foreigners used as drug mules in Ho Chi Minh City trafficking
They disguised drugs among other goods
Sidewalks in central Vietnam turned into chili drying venue
Residents have found it hard to sell fresh chilies due to the low prices and traders’ refusal
State of emergency declared over riverbank subsidence in Vietnam’s Central Highlands
19 locations were battered by land subsidence, with a total length of over 16 kilometers
Driver dies after car crashes into river in northern Vietnam
He was the only one inside the car at the time of the incident
Breakfast @ Tuoi Tre News - April 20
Good morning from Vietnam!