Society

Ex-president of Vietnamese support center gets life sentence for scamming 1,000 people

Published

1 year ago

August 12, 2022

The former president of a support center for poor people in Vietnam was sentenced to life in prison for scamming more than 1,000 victims and appropriating over VND49 billion (US$2 million).

The Hanoi People’s Court concluded an eight-day trial on Tuesday and sentenced Tran Duc Trung, 61, former chairman of the member council of a local support center for the poor, to life in prison for fraud and property appropriation.

Four of Trung’s accomplices were condemned to between six and nine years in jail for similar offenses.

The indictment showed that the support center was established in 2013 but did not have a legitimate license or any revenue generating activities.

In April 2015, the defendants organized a program named ‘Heart of Vietnam,’ tricking participants into depositing their money and promising support with high interest rates.

To build trust, the defendants held campaigns and seminars and even managed to obtain signatures of support from some senior officials.

They gave false information about the center’s capital and promised participants that they would receive financial support within a certain period of time according to the center’s policy.

The center tasked six groups of employees with providing consulting for participants at 26 locations and managed to collect about VND148 billion ($6.3 million) from more than 1,000 people.

The defendants then used the participants’ own deposit to pay interest on other accounts.

With this scheme, the five pocketed a total of over VND49 billion ($2 million), with Trung appropriating about VND26.3 ($1.1 million).

Aside from the prison terms, the defendants were required to return more than VND38 billion ($1.6 million) worth of compensation to the victims.

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Source: https://tuoitrenews.vn/news/society/20220810/expresident-of-vietnamese-support-center-gets-life-sentence-for-scamming-1000-people/68526.html

Related Topics:court fraud life imprisonment scam

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Society

Vietnam listed among 12 Asian countries with the best quality of life

Published

3 hours ago

December 9, 2023

TienphongNews

Vietnam ranks 12th among Asian countries with the best quality of life by financial news site Insider Monkey. The rankings consider three metrics: the Human Development Index (HDI), the Economic Freedom Index (EFI), and Government Effectiveness.

Vietnam listed among 12 Asian countries with the best quality of life hinh anh 1

Source: https://en.vietnamplus.vn/vietnam-listed-among-12-asian-countries-with-the-best-quality-of-life/271907.vnp

Society

Breakfast @ Tien Phong News – December 2

Published

6 hours ago

December 9, 2023

TienphongNews

Check out the latest news in Vietnam today:

Politics

— Vietnamese Party General Secretary Nguyen Phu Trong and State President Vo Van Thuong hosted separate receptions in Hanoi on Friday afternoon for Politburo member, Director of the Office of the Communist Party of China Central Committee’s Commission for Foreign Affairs and Minister of Foreign Affairs Wang Yi, who is in Vietnam to attend the 15th session of the Vietnam – China Steering Committee for Bilateral Cooperation.

— Dubai Crown Prince Hamdan bin Mohammed Al Maktoum during a meeting with Vietnamese Prime Minister Pham Minh Chinh on Friday said that Dubai is willing to share its experience in developing an international finance center with Vietnam.

Society

— All vehicles are banned from entering the Pham Ngoc Thach Street section bounded by Le Duan Boulevard and Nguyen Thi Minh Khai Street in Ho Chi Minh City’s District 1 from 9:00 pm on Friday to 0:00 am on Sunday to serve events of the 2023 National Volunteer Day.

— Authorities in Nha Trang City, Khanh Hoa Province, south-central Vietnam proposed piloting swimming and scuba diving at four new diving spots in Nha Trang Bay to ease overtourism at Hon Rom Island, which became overwhelmed after another diving site at Hon Mun Nature Reserve was closed for coral ecosystem restoration.

— Traffic police in Ho Chi Minh City will conduct breath testing both day and night from now till the pre-Tet holiday to detect alcohol-impaired drivers.

Business

— Vietnamese Prime Minister Pham Minh Chinh and Group Chief Executive of Standard Chartered Bill Winters co-chaired an event on mobilizing finance to implement Vietnam’s commitment to climate change in Dubai, the United Arab Emirates (UAE) on Friday. The event was part of the 28th United Nations Climate Change Conference of the Parties (COP28) held in the UAE from November 30 to December 12.

— China remained Vietnam’s largest import market in the year to November, with a total turnover reaching an estimated US$99.6 billion, while the U.S. was the biggest buyer of Vietnamese products during the same period, with a turnover of some $88 billion, according to official data.

— Ho Chi Minh City attracted more than $3 billion of foreign direct investment in the January-November period this year, down 12.9 percent year on year, according to the city’s Statistics Office.

World News

— ChatGPT maker OpenAI has delayed the launch of its custom GPT store until early 2024, according to an internal memo seen by Reuters on Friday.

— U.N. Secretary General Antonio Guterres urged world leaders at the COP28 climate summit on Friday to plan for a future without fossil fuels, saying there was no other way to curb global warming, Reuters reported.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Source: https://tuoitrenews.vn/news/society/20231202/breakfast-tuoi-tre-news-december-2/77049.html

Society

Belarus PM visits Hanoi relic, tastes Vietnamese coffee

Published

9 hours ago

December 9, 2023

TienphongNews

Belarus PM visits Hanoi relic, tastes Vietnamese coffee

PM Chinh (L) and PM Golovchenko stand in front of the Hanoi Flag Tower, a relic in the complex of the Vietnam Military History Museum on Dien Bien Phu Street, Ba Dinh District, on Friday morning.

The Belarusian PM is in Vietnam for a four-day official visit on Dec. 6-9.

PM Chinh talks to his counterpart about the history of the tower.

Situated in the southern part of the Thang Long Citadel, the tower was built in 1805 and completed in 1812 during the reign of King Gia Long of the Nguyen Dynasty. The tower of 33 meters tall survived the French and American wars unscathed, and is the most spectacular site at the Thang Long Citadel.

After the flag tower tour, the two leaders moved to a nearby coffee shop to have drinks.

Belarus PM visits Hanoi relic, tastes Vietnamese coffee

Thủ tướng Việt Nam và Belarus cùng thưởng thức cà phê, bánh mì

The two PMs sip Vietnamese coffee and enjoy banh mi.

The two had Vietnamese coffee and banh mi aside from cakes as they talked about Vietnamese food culture.

Other members of the Belarus’ delegation also had banh mi.

The two PMs sat across Lenin Park as they talked about the surrounding landscape, Vietnam’s history and foreign policy.

PM Chinh pays the bill before leaving.

Before the tour to the flag tower, PM Chinh received PM Golovchenkoe in a welcoming ceremony at the Presidential Palace. The two leaders then held a talk at the palace.

Vietnam – Belarus established diplomatic relations in January 1992. The two countries inherited the traditional friendship and multifaceted cooperation that had existed between Vietnam and the Soviet Union.

They have maintained regular delegation exchanges and contacts at all levels.

The two PMs walked to the Government Office for a talk during which they discussed bilateral cooperation.

The two PMs witnessed as the two nations’ Deputy Ministers of Foreign Affairs Eugeny Shestakov (L) and Le Thi Thu Hang exchanged signed cooperation documents on visa waiver.

Belarus currently has three investment projects in Vietnam with a total capital of US$32.25 million, of which the most significant one is the MAZ Asia car assembling project in the northern Hung Yen Province.

Vietnam’s investment projects in Belarus are now worth a total US$810,000. The two sides are actively implementing the Free Trade Agreement between Vietnam and the Eurasian Economic Union (EAEU), of which Belarus is a member.

Vietnam exports to Belarus seafood, natural rubber, furniture, textiles, footwear, rice, cashew nuts, peanuts, and pepper. Trade turnover between the two countries reached $113.9 million last year and stayed at $46.42 million in the first nine months this year

Source: https://e.vnexpress.net/photo/news/belarus-pm-visits-hanoi-relic-tastes-vietnamese-coffee-4686584.html