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Hanoi (VNA) – Thailand’s Department of Special Investigation (DSI) has seized assets worth about 743 million baht (some 24.5 million USD) from suspects in the investigation into alleged fraudulent dealings by unlicensed online broker Forex-3D.Forex-3D, run by Apiruk Kothi, turned out to be a Ponzi scheme that lured thousands of victims to invest in what they believed to be foreign exchange trading with false promises of high returns. So far, about 3,000 victims have reported losses to the DSI, which expects to wrap up its investigation by the end of the year./. VNA … [Read more...] about Thai authorities seize assets from unlicensed online broker

The three-day program, the first ever of its kind held in Vietnam, gathers senior officers from 16 ReCAAP member countries as well as Malaysia and Indonesia. Delegates reviewed the issues of piracy and armed robbery against ships in Asia, shared specific case studies, and discussed ways to improve the maritime safety situation in Asia. In his opening speech, Major General Bui Trung Dung, Deputy Commander of the Vietnam Coast Guard, underlined that the meeting offers a good chance for law enforcement forces inside and outside the region to exchange experiences on responding to unexpected incidents and violations. At the event As the ReCAAP Focal Point in Vietnam, the Vietnam Coast Guard is willing to promptly share accurate information related to security and safety of navigation, especially information on fighting piracy and armed robbery, with the ReCAAP ISC and other ReCAAP Focal Points. Meanwhile, ReCAAP ISC Executive Director Masafumi Kuroki provided the … [Read more...] about Vietnam hosts meeting on anti-piracy information sharing

Chairwoman Ngan affirmed that the talks were a success, with two sides discussing issues related to the cooperation between the two countries and legislative bodies as well as directions for the Russian Year in Vietnam in 2020. Ngan said she and Matviyenko had agreed to assign the committees for external relations and the friendship parliamentarians' groups of the two legislative bodies to plan events for the Russian Year in Vietnam in 2020. She informed that the two sides are committed to continuing coordinating and consulting each other at multilateral and inter-parliamentary forums with a view to supporting viewpoints that are beneficial to both Vietnam and Russia as well as peace, friendship and development in the region and the world as a whole. Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan (L) and Chairwoman of the Russian Federation Council Valentina Matviyenko at a press conference after their talks The Vietnamese NA and the Russian … [Read more...] about Vietnamese, Russian legislative bodies’ leaders meet press on talks’ outcome

Quang, chairman and founder of private food producer Masan Group, made it to the billionaire list of Forbes magazine for the first time last March and became the 1,717th richest person in the world with a net worth of $1.3 billion. According to updates from Forbes on Wednesday, Quang’s total assets were estimated at $980.8 million, down 25 percent since last March. This data is updated based on the changes in the price of MSN shares on the stock exchange, which account for the majority of Quang's assets. The value of MSN shares of Masan Group have recently plummeted, leading to a decline in the value of assets of one of the richest men in Vietnam. At the end of Wednesday’s trading session, an MSN share was worth VND55,700 ($2.4), losing more than 26 percent of its value compared to a month ago. MSN's value began falling following an announcement by Vietnam’s biggest private conglomerate Vingroup on December 3 that it had reached a deal with Masan to merge their retail … [Read more...] about Fish sauce magnate off Forbes billionaires list

Chairman of the State Duma of Russia Vyacheslav V. Volodin (R) welcomes National Assembly Chairwoman Nguyen Thi Kim Ngan on December 11 (Photo: VNA) Moscow (VNA) – National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan and Chairman of the State Duma of Russia Vyacheslav V. Volodin held talks in Moscow on December 11 as part of the former’s official visit to Russia. The host said his country attaches importance to the trip by the NA Chairwoman, during which the two officials co-chaired the first meeting of the inter-parliamentary cooperation committee between the Vietnamese NA and the State Duma of Russia. With this new cooperation mechanism, the two parliaments will further enhance the comprehensive strategic partnership between their countries, according to him. Chairwoman Ngan said Vietnam is delighted at the enormous achievements the Russian people have obtained that have helped further raise Russia’s stature in the region and the world. Vietnam always … [Read more...] about NA Chairwoman holds talks with leader of Russia’s State Duma