On October 13, the Quanzhou Intermediate People's Court in Fujian province sentenced three of the most notorious members of the 'Wei family criminal gang' to death: Ngụy Hoài Nhân, who was one of the leaders, along with Trần Đại Vĩ and Liêu Cảnh Phương. The gang was convicted of drug trafficking, organizing prostitution, running illegal casinos, telecom fraud and killing at least two Chinese citizens; three others received life sentences, and 55 more received prison terms of up to 24 years. The gang generated about 1.8 billion USD in illicit proceeds from 14 large scam compounds that lured Chinese citizens to Myanmar with promises of easy, high-paying jobs. During the investigation, police found bodies of many victims bound with iron chains and bearing bullet holes in their skulls.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Trung Quốc tuyên án tử hình 3 thành viên thuộc 'gia tộc lừa đảo' khét tiếng
Related news
- AI investment risks rise as China models gain ground
- From 'Dune' to 'Wicker,' how this ‘tiny’ European country became a hub for Hollywood
Award-winning films such as 'Poor Things,' 'Blade Runner 2049' and 'The Brutalist' were largely shot in Hungary, thanks to large production complexes, varied landscapes and generous incentives. Hungary's film history dates to 1896, when the Lumière brothers brought their device to Budapest, and people with Hungarian roots, such as Adolph Zukor, co-founded major Hollywood studios. Production costs are reportedly 30% to 50% lower than in the U.S., and Origo Studios, where large parts of 'Dune' and 'Inferno' were shot, has 11 stages. The industry was disrupted when former Prime Minister Viktor Orbán paused a 30% rebate scheme; it was restarted in December, but Origo was quiet when CNBC visited in August.
- Declaration of COSATU 15th National Congress
- Chinese fraud victims lose key court battle over 61,000 Bitcoin
A London High Court ruled that Chinese law, not English law, will govern claims to the 61,000 Bitcoin seized by UK authorities, a setback for Chinese fraud victims. The assets stem from an investment fraud scheme orchestrated by Zhimin Qian between 2014 and 2017, which reportedly affected more than 128,000 investors. The ruling does not decide who owns the Bitcoin, as victims' property rights under Chinese law still need to be assessed, and the case remains in London rather than moving to a Chinese court. Fieldfisher, representing the claimants, is appealing the decision, and the seized Bitcoin is worth more than $5 billion according to CoinGecko.
- Progress on VND 2,806 billion industrial park project, creating tens of thousands of jobs, located in Vietnam's youngest centrally run city
The Song Mai – Nghĩa Trung industrial park project in Bắc Ninh covers 197.1 hectares with total investment of VND 2,806 billion and broke ground in August 2025. By 11 September, site clearance and technical infrastructure for 50 hectares in phase 1 were complete, along with a wastewater treatment system with capacity of 6,000 cubic metres per day. The project still faces difficulties clearing the remaining land, as some households have not agreed to compensation plans, and land-use right certificates for the completed 50 hectares remain unresolved, which hampers attracting secondary investors. Bắc Ninh city Party Secretary Nguyễn Hồng Thái urged an eco-friendly, circular development model, prioritizing high-tech firms and rooftop solar power, and faster site clearance. Once operational, the park is expected to create tens of thousands of jobs.
- Tây Ninh must swiftly meet the criteria to become a centrally run city
Deputy Prime Minister Phạm Gia Túc met with the Tây Ninh Provincial Party Standing Committee and urged the province to complete its proposal and meet the criteria to become a centrally run city by 2028, or earlier if eligible. The province said it is drafting the proposal with a target of completion in 2028–2029, with a comprehensive draft due in November 2026 and the dossier to be submitted to the Party Committee by 28 November. Meanwhile, the Deputy Prime Minister asked the province to achieve economic growth of at least 10.5% in 2026, exceed budget revenue estimates by at least 10%, and disburse 100% of public investment capital.
Related markets
Latest news
- FinFET Technology - Global Strategic Business Report Just Released: AI and Data Centers Push FinFET Chip Market Toward $97 Billion
According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.
- The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”
French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.
- President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees
Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.