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HANOI, June 29 (Reuters) - A military court in Vietnam on Thursday sentenced a former coast guard commander to 16 years in prison, after finding him guilty of embezzlement in siphoning off $2 million from military procurement deals, state media reported. Nguyen Van Son, 59, was convicted of masterminding the theft of 50 billion dong ($2.12 million) while head of the coast guard, in what the judge described as a "particularly serious case" that hurt the image of the defence services, Voice of Vietnam (VOV) reported. The six other former top coast guard officials received prison time ranging from 10 to 15 and a half years each for their involvement in the embezzlement, VOV said. They were arrested last year, according to the defence ministry, which said Son was responsible for violations between 2015 and 2020, including "financial mismanagement" and "procurement irregularities". ($1 = 23,569 dong)Reporting by Phuong Nguyen; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Nguyen Van Son, Nguyen Phu Trong, VOV, Son, Phuong Nguyen, Martin Petty Organizations: Communist Party, Thomson Locations: HANOI, Vietnam, siphoning
Vietnam to require social media users to verify identity
  + stars: | 2023-05-08 | by ( ) www.reuters.com   time to read: +1 min
HANOI, May 8 (Reuters) - Vietnam is preparing to make it mandatory for social media users of both local and foreign platforms to verify their identity in a bid to rein in online scams, state media reported on Monday. The measure, part of the Telecommunications Law Amendment to be issued by the end of this year, will enable law enforcement agencies to track down offenders using social media to break the law, state-run Voice of Vietnam (VOV) newspaper reported. "There are times the authorities can identify social media account holders that violate the laws but cannot track them down because those criminals use cross-border applications," VOV cited information deputy minister Nguyen Thanh Lam as saying. "Unverified accounts, no matter on local or foreign platforms such as Facebook, TikTok, YouTube, will be dealt with." Vietnam in recent years has issued several regulations together with a cybersecurity law that target foreign social media platforms in a bid to battle disinformation in news and force foreign tech firms to establish representative offices in Vietnam and store data in the country.
HANOI, March 31 (Reuters) - Vietnam would need investment of up to 270 trillion dong ($11.51 billion) to expand its national fuel storage system by 2030, state media reported on Friday, citing a draft plan prepared by the Ministry of Industry and Trade. The investment would raise the country's crude oil and refined fuel storage capacity to 75-80 days of net imports, Dau Tu newspaper reported. The country's current fuel storage capacity stands at 65 days of net imports, state radio broadcaster VOV cited the Minister of Industry and Trade, Nguyen Hong Dien, as saying on Thursday. Most of the investment needed for the plan would come from businesses, Dau Tu reported. ($1 = 23,455 dong)Reporting by Khanh Vu; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
Saudi wealth fund's Savvy Games Group to invest $37.8 billion
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Sept 29 (Reuters) - Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday. The investments will include 70 billion riyals to take several minority stakes in companies that support Savvy's game development agenda and 50 billion riyals to acquire "a leading game publisher to become a strategic development partner". Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies." The company's strategy is to invest in the electronic games industry and esports over a long timeline, including local and international programmes and infrastructure. It aims to set up 250 games companies in Saudi Arabia, which will create 39,000 jobs, and raise the sector's contribution to Saudi GDP to 50 billion riyals by 2030, SPA added.
Роберт Редфилд, возглавлявший Центры по контролю и профилактике заболеваний (CDC) в президентство Дональда Трампа, высказал мнение, что коронавирус, ставший причиной пандемии COVID-19, вероятно «сбежал» из лаборатории в Ухани. Редфилд сообщил о своем предположении в интервью телеканалу CNN: «Случается, что респираторные патогены, с которыми работали в лаборатории, инфицируют сотрудника лаборатории», передает VOV. Мнение Редфилда совпадает с позицией иных высокопоставленных представителей администрации Трампа. Эпидемиолог Энтони Фаучи, работавший в администрации Трампа и ныне в администрации Байдена, которого попросили прокомментировать заявление Редфилда, заявил, что большинство специалистов не согласны с этой теорией. В феврале представитель ВОЗ заявил, что летучие мыши остаются возможным источником и исключил возможность утечки из лаборатории.
Persons: , nokta, Роберт Редфилд, Дональд Трамп, Редфилд, Трамп, Энтони Фаучи Organizations: CNN, Центры по контролю и профилактике заболеваний (), Всемирная организация здравоохранения (ВОЗ), ВОЗ Locations: Ухани, Китай, Запад, Байден
Total: 5