Ministries to wait for court decision related to 'Coffee King's' dispute with wife

Several ministries and branches say that it is necessary to wait for the final judgment from the court on the issue related to the ownership of ‘Trung Nguyen’ and ‘G7 Coffee’ brands.

Ministries to wait for court decision related to 'Coffee King's' dispute with wife

Le Hoang Diep Thao (left) and Dang Le Nguyen Vu

The Government Office has sent a document to the Ministries of Science and Technology, Justice, and Finance, and the Standing Office of the Steering Committee 389 on the Ministry of Industry and Trade’s (MOIT) report related to proposals by Dang Le Nguyen Vu, president of Trung Nguyen Group.

Dang Le Nguyen Vu and his estranged wife Le Hoang Diep Thao are called the Coffee King and Queen. They have been engaged in a prolonged divorce case as well as a battle over the assets of the company, including the two brands.

VietNamNet sources said Vu’s appeal, dated July 20, 2020, has relations with the two brands, Le Hoang Diep Thao and TNI Co Ltd.

However, there has been no official answer to Vu’s proposals related to ‘Trung Nguyen’ and ‘G7 Coffee’.

The General Department of Market Surveillance confirmed that the activities of producing coffee products with ‘G7’ and ‘Trung Nguyen’ brands at Trung Nguyen Instant Coffee JSC’s branch in Quang Chau IZ in Bac Giang are still being implemented. The seal of the branch is still held by Thao.

Vu and Thao both are shareholders of Trung Nguyen Investment JSC. The disputes between them, including the dispute related to the division of assets upon divorce, was settled by the appeal judgment No 39.2019 dated December 5, 2019,

However, the Supreme People's Procuracy issued a cassation decision against the appelate judgment.

 

Therefore, agencies say the ownership of certificates on registration of brands and brand protection with the words ‘Trung Nguyen’ and ‘G7’ is under the scope of dispute over ownership of Trung Nguyen Investment JSC assets and is still being considered by the court. No final decision has been made.

MOIT cited Decree 99 dated August 29, 2020 on sanctioning administrative violations in industrial property as saying that the agency handling violations has to refuse to deal with the cases if the request for handling violations is made when there are related disputes on industrial property.

The representatives of five ministries and branches discussed Vu’s proposals made by the General Department of Market Surveillance on December 8, 2020.

The General Department of Customs (GDC) has also replied to proposals from Vu.

The agency said since the appellate judgment has been appealed for cassation review, and the brands are under dispute, under Circular 13/2020 and Decree 99/2013, the consignments of Trung Nguyen Instant Coffee JSC Bac Giang branch will still get customs clearance if businesses can show invoices and documents that prove that they buy goods from the branch. 

Luong Bang

Coffee shop with unique traffic mock-up

Coffee shop with unique traffic mock-up

Mr. Hoang Phuong Nam, the owner of a cafe in Nghia Lo town in Yen Bai province, has spent up to six years to make a traffic mock-up with mountains, forests and sea that looks very real, 

Difficulties still ahead for coffee sector: insiders

Difficulties still ahead for coffee sector: insiders

The export of coffee declined in both volume and value last year due to certain difficulties that are forecast to linger on for the time to come, insiders have said.

 
 

Other News

.
Retail industry strives to exploit US$200-billion market
Retail industry strives to exploit US$200-billion market
BUSINESSicon  03/04/2021 

The Vietnamese market had a spectacular leap in scale last year, becoming one of the 16 most successful emerging economies in the world. In which, the retail sector was extremely attractive and full of potentials, with lots of room for development.

Markets blacklisted for selling counterfeit goods
Markets blacklisted for selling counterfeit goods
BUSINESSicon  03/04/2021 

The US Trade Representative (USTR) office has blacklisted Vietnam's well-known markets in its 2020 review, for reasons of counterfeiting goods. Dong Xuan Market in Hanoi and Ben Thanh Market in HCMC have been named on the USTR blacklist. 

Car dealers begin clearance sales, reduce prices by up to VND100 million
Car dealers begin clearance sales, reduce prices by up to VND100 million
BUSINESSicon  03/04/2021 

Car sale agents have launched promotion programs in an effort to clear stock, but the price reductions are lower than those in the same period last year.

Mekong Delta: spoiled pigs eating sweets, and other unusual phenomena
Mekong Delta: spoiled pigs eating sweets, and other unusual phenomena
BUSINESSicon  03/04/2021 

Nguyen Hong Trang’s family in Vinh My A commune in Bac Lieu province raises pigs. More than a year ago, her sow gave birth to 11 baby pigs, one of which weighed only two kilos. As it could not suckle much, it stayed small.

Bank shares in demand as banks report huge profits
Bank shares in demand as banks report huge profits
BUSINESSicon  03/04/2021 

The capitalization value of some banks has increased by one billion dollars within a short time.

Local authorities struggle to stop real estate bubble
Local authorities struggle to stop real estate bubble
FEATUREicon  03/04/2021 

The real estate market remains feverish not because of high demand and short supply, but because of speculation, experts have said.

Demand for industrial land rising: Savills Vietnam
Demand for industrial land rising: Savills Vietnam
BUSINESSicon  02/04/2021 

The sudden increase in demand for land, factories, and warehouses in Vietnam has pushed up rental costs at industrial parks (IPs) near major cities, according to Savills Vietnam.

Finance ministry studies legal framework for cryptocurrencies
Finance ministry studies legal framework for cryptocurrencies
BUSINESSicon  02/04/2021 

The Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Vietnam.

Vietnam’s airlines preparing to fly non-stop to US, resume international flights
Vietnam’s airlines preparing to fly non-stop to US, resume international flights
BUSINESSicon  02/04/2021 

Despite the Covid-19 crisis, Bamboo Airways and Vietnam Airlines have announced plans to fly non-stop to the US by the end of this year.

Plenty of room remains for growth of consumer credit market: Insiders
Plenty of room remains for growth of consumer credit market: Insiders
BUSINESSicon  01/04/2021 

Though Vietnam’s outstanding consumer credit almost tripled over the last decade, its share of total outstanding loans is yet to keep pace with that of its regional nations. 

Owner of US$7 billion system, billionaire Nguyen Dang Quang takes new step
Owner of US$7 billion system, billionaire Nguyen Dang Quang takes new step
BUSINESSicon  01/04/2021 

After Masan Group's acquisition of Vingroup’s retail chain, Masan’s Nguyen Dang Quang took great steps to master the $7 billion system and form an ecosystem for Vietnamese people.

Banks required to issue chip cards for security
Banks required to issue chip cards for security
BUSINESSicon  01/04/2021 

Vietnamese commercial banks are required to issue chip ATM cards to improve customers’ transaction security from March 31, according to the State Bank of Vietnam’s Circular No. 22/2020/TT-NHNN.

Industries bet on vaccine visa measures
Industries bet on vaccine visa measures
BUSINESSicon  01/04/2021 

In line with the global vaccine visa drive, Vietnam’s latest move to complete technical infrastructure for the availability of such a travel document in April is expected to revive industries, heralding strong economic recovery ahead.

Big businesses pour billions of dong into land purchases in Da Nang
Big businesses pour billions of dong into land purchases in Da Nang
FEATUREicon  01/04/2021 

While other land markets are hot, Da Nang remains very quiet, prompting many investors from Hanoi and HCM City to collect land plots in advantageous positions in "bottom fishing" deals.

More than 10 sugar mills shut down because of big losses
More than 10 sugar mills shut down because of big losses
FEATUREicon  01/04/2021 

Many sugar mills have had to shut down because they cannot compete with imports.

Vietnam Airlines unveils coveted US flight proposals
Vietnam Airlines unveils coveted US flight proposals
BUSINESSicon  31/03/2021 

Vietnam Airlines’ dream of a direct commercial flight to the US is being quickened as a way to shelter from the financial trouble amid the pandemic, with repatriation flights being the pre-runner for future non-stop journeys across the Pacific Ocean.

Rapid growth of online delivery services
Rapid growth of online delivery services
BUSINESSicon  01/04/2021 

The sudden, unexpected and virulent spread of the Covid-19 pandemic brought about a change in perception and planning in consumer sales behavior, and many well established businesses made a strong shift towards online delivery servicing. 

New strategy to place priority on green growth
New strategy to place priority on green growth
BUSINESSicon  31/03/2021 

The Ministry of Planning and Investment is drafting a national green growth strategy and plans to submit it to the Government by June to accelerate the transition towards a carbon-neutral economy in Vietnam.

VIETNAM BUSINESS NEWS APRIL 2
VIETNAM BUSINESS NEWS APRIL 2
BUSINESSicon  02/04/2021 

New interest rate level forecast in Q2 2021

Many Vietnamese exporters see profit soar during COVID-19
Many Vietnamese exporters see profit soar during COVID-19
BUSINESSicon  31/03/2021 

Many Vietnamese exporters have seen a sudden increase in profits during the COVID-19 pandemic.

 
 
 
Leave your comment on an article

OR QUICK LOGIN