The impressive background of businessman Pham Nhat Minh Hoang leads to his marriage to a former beauty queen.

Mr. Pham Nhat Minh Hoang (born in 2000) received special attention last week with his engagement ceremony to runner-up Phuong Nhi. Mr. Hoang is the second son of billionaire Pham Nhat Vuong and holds many important positions within the multi-billion dollar Vingroup ecosystem.

Previously, very little personal information about this businessman had been released to the public, similar to his older brother, Pham Nhat Quan Anh (born in 1993).

Despite his young age, Pham Nhat Minh Hoang, along with his brother, is involved in Vingroup 's strategic businesses, contributing to the completion of the high-tech industrial ecosystem, one of the three core pillars of this group.

Vietnamese billionaire meets with American business partner at Trump's mansion.

Billionaire and founder of Vietjet , Nguyen Thi Phuong Thao, met with strategic partners from around the world in the US from January 9-11. This was a notable event before Donald Trump's return to the White House.

The visit of Vietjet and other members of the Vietnamese delegation to the US promises to lead to major business deals between Vietnamese and American companies.

For many years, Vietnam has had a large trade surplus with the US and has frequently been placed on monitoring lists. Contracts for the purchase of aircraft or cooperation in technology could help harmonize trade between the two sides.

Novaland responds to rumors regarding Chairman Bui Thanh Nhon.

Novaland Group Joint Stock Company (NVL) has just issued a statement addressing rumors that Mr. Bui Thanh Nhon has resigned from his position as Chairman of the Board of Directors of Novaland Group, and also stepped down from the Board of Directors of the group effective January 20th.

Novaland asserts that this information is fabricated, completely false, and causes serious misunderstanding among Novaland's customers, partners, shareholders, and investors, creating a public uproar.

Currently, Novaland continues to maintain stable production and business operations, and there has been no disruption to the company's leadership team.

The mandatory transfer of ownership between GPBank and DongA Bank has officially taken place.

On January 17th, the State Bank of Vietnam (SBV) held a ceremony to announce the decision to mandatorily transfer Global Petroleum Commercial Bank Limited (GPBank) to Vietnam Prosperity Commercial Bank (VPBank) and DongA Commercial Bank (DongA Bank) to Ho Chi Minh City Development Commercial Bank (HDBank).

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Governor of the State Bank of Vietnam, Nguyen Thi Hong, congratulates the banks that received and were subject to mandatory transfers. Photo: Mai Phuong.

Previously, on October 17, 2024, the State Bank of Vietnam also compulsorily transferred Ocean Commercial Bank Limited (OceanBank, now MBV) to Military Commercial Joint Stock Bank (MB) and Vietnam Construction Commercial Bank Limited (CB) to Vietnam Foreign Trade Commercial Joint Stock Bank (Vietcombank).

Following the mandatory transfer, CB, MBV, GPBank, and DongA Bank are wholly-owned limited liability banks, with the receiving bank owning 100% of their charter capital. These are independent legal entities and do not consolidate their financial statements with the receiving bank.

Motorcycle insurance collected 431 billion VND, paid out nearly 42 billion VND in claims: The Ministry explains why purchase is still mandatory.

Voters in many localities have requested a review and adjustment of regulations on purchasing insurance for two-wheeled vehicles, shifting it to a voluntary, non-compulsory system to ensure the rights of citizens.

In reality, when accidents occur, people face many difficulties in carrying out insurance procedures, being harassed by insurance companies, and being subjected to cumbersome procedures, making it difficult to receive compensation.

According to the Ministry of Finance, motorcycles and scooters remain the biggest source of accidents in Vietnam; in the coming period, inspections, checks, and strict handling of violations of regulations on mandatory civil liability insurance for owners of motor vehicles will be intensified.

Vietnam Chemical Corporation has a new general director.

Mr. Nguyen Huu Tu, a member of the Board of Directors of the corporation, has been appointed as the General Director of Vietnam Chemical Corporation (Vinachem).

This appointment was made on the basis of Official Letter No. 212 dated January 15th from the Government Office and Decision No. 39 dated January 15th of the State Capital Management Committee at Enterprises.

Tan Tao's shares will be compulsorily delisted.

The Ho Chi Minh City Stock Exchange has just announced that it will carry out the mandatory delisting procedure for ITA shares of Tan Tao Investment and Industrial Joint Stock Company (Tan Tao Company; HoSE: ITA).

Since trading of the shares was suspended, Tan Tao Company's information disclosure violations have not been rectified and are likely to continue, affecting the rights of shareholders.

Authorities terminate operations of multi-level marketing company previously linked to singer Doan Di Bang and her husband.

The National Competition Commission, Ministry of Industry and Trade, has sent a document to the Departments of Industry and Trade of provinces and centrally-administered cities stating that the multi-level marketing registration certificate of Aloe Vera Trading Company Limited (Aloe Vera Company) has expired.

Previously, singer Doan Di Bang and her businessman husband appeared at events of this multi-level marketing company in the role of senior managers.

Despite operating as a multi-level marketing company for over 20 years, the financial situation of Aloe Vera Company is not publicly disclosed. The company has ceased operations in many provinces and cities.