return icon

FLC has new chairman

Le Ba Nguyen has been named the new board chairman of FLC Group in the 2021-2026 tenure.
New chairman of FLC Group Le Ba Nguyen. – Photo: FLC

Nguyen has over 17 years of experience in business management. He used to be a member of FLC’s board in two periods, from 2013 to October 2017 and from June 2018 to June 2020.

At a recent extraordinary meeting in Hanoi, FLC shareholders picked Nguyen to replace Dang Tat Thang, who was named chairman of the group in late March after his predecessor Trinh Van Quyet had been detained on alleged charges of stock market manipulation. Thang is now FLC vice chairman.

Bui Hai Huyen, general director of the group, was picked as first vice chairwoman of FLC.

At the meeting, Doan Huu Doan and Le Thai Sam were voted as new board members of the group. Thus, FLC’s board currently has five members.

With the new management board, FLC will restructure the group and boost the operation of companies in its ecosystem.

As for the aviation sector, the high fuel prices have put pressure on Bamboo Airways, a subsidiary of FLC Group. In addition, inflation and policies of some international markets have posed multiple challenges to the air carrier, according to an FLC leader.

Nevertheless, Bamboo Airways still insists on its operation extension strategy while improving its service quality to meet international standards and enhancing its digitalization. To reach these targets, the airline is seeking new investors and partners.

Source: Saigon Times


Pharmaceutical firms show mixed performance

Six-month revenues of pharmaceutical firms paint a mixed picture of the industry in the first half.

Ship damages bridge over Saigon River

Binh Phuoc 1 Bridge connecting Thu Duc City and District 12 over the Saigon River was damaged after being hit by a ship traveling under the bridge.

Vietnam sees rise in Covid-19 infections and deaths

Vietnam has seen a recent rise in the number of Covid-19 infections and deaths due to the appearance of new Omicron sub-variants.

Phu Quoc halts scuba diving tours for coral protection

Underwater tourism activities that threaten coral reefs at Phu Quoc marine sanctuary have been suspended.

Vietnam, Poland capitalize on EVFTA preferences

The implementation of the Vietnam - EU Free Trade Agreement (EVFTA) has greatly contributed to raising two-way trade turnover between Vietnam and Poland to over US$1 billion since the beginning of the year.

Foreign trade hits more than US$30 bln in first half of August

The General Department of Vietnam Customs reported the total import-export value of Vietnam in the first half of August 2022 has hit more than US$30 billion.

Vietnam improves forecasting in face of natural disasters

Natural disasters are becoming more unpredictable and extreme due to climate change, causing more extensive damage to people and property.

Expert backs proposal to invest in refinery complex in Ba Ria-Vung Tau

A proposal by the Vietnam Oil and Gas Group (Petrovietnam) to invest in a petrochemical and refinery complex and national oil storage facility with total investment of nearly 19 billion USD in the southern province of Ba Ria-Vung Tau is a good idea.

Vietnam’s public debt decreases significantly

Vietnam’s public debt in the 2017-2021 period decreased dramatically from 61.4% of its GDP to 43.1%, according to the latest information released by the Ministry of Finance.

Get a taste of nature in northern national parks

National parks with abundant greenery and diverse flora and fauna act as lungs for many regions and provide a paradise for nature lovers.

Over US$34 billion set to pour into Vietnam’s real estate market this year

During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions.


Government offers support to additional 243,000 pandemic-hit labourers

Tourism businesses struggle to get cut-rate loans

Struggling tourism businesses in HCM City are in dire need of credit to recover but are finding it very difficult to access the subsidised loans under the Government’s Decree 31 that took effect in May, according to the city's Department of Tourism.


Ministry of Finance seeks to drop fuel price stabilization fund

Vietnam to tighten management, increase supervision to prevent tax loss

Nowadays online shopping becomes more popular than in-store shopping and more people have taken take full advantage of social networking platforms to put an ad on social network platforms about their products.