Vietnam opposes Chinese vessel’s operation near Vanguard Bank

VNE – By Vu Anh, Tu Binh   February 29, 2024 | 06:44 pm GMT+7

The 5901 vessel by the Chinese Coast Guard. Photo courtesy of CAP

Vietnam strongly opposes acts of violations of its sovereignty over Vanguard Bank, the foreign ministry said Thursday.

“The Vanguard Bank is a part of Vietnam’s continental shelf, established in accordance with the United Nations Convention on the Law of the Sea (UNCLOS),” said spokeswoman for the Ministry of Foreign Affairs Pham Thu Hang in a Thursday press meet.

She was responding to inquiries about China sending its coast guard vessel to the area recently.

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CEO receives $61M bonus from chairwoman of Van Thinh Phat Truong My Lan

VNE – By Hai Duyen   March 1, 2024 | 07:12 am GMT+7

Truong My Lan, chairwoman of Van Thinh Phat Group before her arrest. Photo courtesy of the company

Duong Tan Truoc, CEO of an HCMC-based company, received a VND1.5 trillion ($60.85 million) bonus from Truong My Lan for helping the chairwoman of disgraced property developer Van Thinh Phat steal VND4.75 trillion from lender SCB.

Truoc, aged 41, is scheduled for trial in HCMC on March 5 with 85 others, facing embezzlement charges.

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