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Vietnamese president resigns amid major graft purge

Vietnam’s President Vo Van Thuong resigns after one year due to “violations and shortcomings”, amidst anti-graft purge. Vietnam’s President Vo Van Thuong has resigned after just one year in the job, the ruling Communist Party announced Wednesday, as the country mounts a sweeping anti-graft purge. The party said Thuong was guilty of “violations and shortcomings”

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PCG welcomes Vietnamese delegation | The Manila Times

THE Republic of Vietnam Standing Deputy Minister of Foreign Affairs Nguyen Minh Vu paid a courtesy visit to the Philippine Coast Guard (PCG)’s National Headquarters in Port Area, Manila, on Tuesday, January 23. Vice Adm. Allan Victor de la Vega, PCG deputy commandant for administration, welcomed the Vietnamese delegation, including Vietnam’s Ambassador to the Philippines

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Vietnamese tycoons held in wave of fraud cases

HANOI: Vietnamese prosecutors announced charges against a major drinks tycoon on Friday, the latest in a wave of arrests targeting top business leaders accused of embezzling billions of dollars. Truong Quy Thanh, the head of Tan Hiep Phat Group ― which makes some of the country’s most popular soft drinks ― is to be prosecuted

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Vietnamese banks continue to cut deposit rates to cut costs

HANOI: Vietnamese banks’ interest rates on dong deposits continue to fall after the central bank cut interest rates to support the weakening economy, the Vietnam News Agency reported on Monday. Vietnam’s four largest banks, including state-owned Agribank and three partially privatized Vietcombank, BIDV and Vietinbank, cut deposit rates by 0.5 percentage points on dong deposits

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