VOV.VN - The State-run Vietnam Asset Management Company (VAMC) has initiated plans to establish a debt trading floor over the next five years to deal with commercial banks’ non-performing loans and attract investors.

The Supreme People’s Procuracy has issued an indictment prosecuting former transport officials and their accomplices involving in the case of Dinh Ngoc He (alias “Ut troc”), who appropriated over VND725 billion (US$31.3 million) from toll collection on the HCM City-Trung Luong Expressway.

Nguyen Thanh Tai, former Vice Chairman of the Ho Chi Minh City People's Committee, and four accomplices involved in the case “violating regulations on the management and use of State assets, causing losses and wastefulness” have filed an appeal against the judgments which were announced at the first instance trial.

The Vietnam Oil and Gas Group (PetroVietnam) continued to top the Profit500 list, which names the 500 most profitable enterprises in Vietnam, in 2020.

The People’s Court of HCM City on September 16 opened a first-instance trial against Nguyen Thanh Tai, former Chairman of the municipal People’s Committee, and a number of other defendants, on charges of “violating regulations on the management and use of State assets, causing losses and wastefulness”.

The Ministry of Public Security’s Investigation Security Agency on August 28 decided to detain for four months and launch criminal proceedings against Chairman of the Hanoi People’s Committee Nguyen Duc Chung.

Vietnamese authorities and the Embassy of Vietnam in Russia that is also in charge of Uzbekistan are working closely with host authorities to bring Vietnamese citizens in Uzbekistan home at the earliest possible time.

VOV.VN - With the participation of major foreign investors such as Logos and GLP in the local market, the nation looks set to continue being a popular destination for international industrial property investors moving forward.

VOV.VN - Ho Chi Minh City police stated on August 10 that they have arrested and commenced criminal proceedings against a Korean citizen and a Vietnamese woman for the alleged fraudulent appropriation of assets.

The Ministry of Public Security’s Police Investigation Authority completed its investigation relating to the land plot at 2-4-6 Hai Ba Trung Street in HCM City on July 13 and transferred the case to the Supreme People’s Procuracy.