Quang Ninh Thermal Power (QTP) appointed Duong Thanh Cong as Deputy General Director for five years from October 16, following the appointment of Nguyen Cong Kien as Deputy General Director from August 12, 2026. On February 23, 2026, Deputy General Director and board member Le Viet Cuong was prosecuted and detained for investigation over alleged forgery of documents of an agency or organization, and authorities have not yet reached a final conclusion. On February 24, 2026, QTP announced that Cuong no longer held a board seat from the date of his prosecution. In the first half of 2026, QTP's revenue rose 10% to 6,359 billion dong and after-tax profit rose 44% to 524 billion dong, completing 54% of its full-year revenue forecast and 76% of its full-year profit forecast.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ông Lê Việt Cường bị bắt, công ty phát thông báo mới
Related news
- Dương Sơn Bá Arrested, Nhiệt điện Hải Phòng Announces Key Personnel Change
On October 13, 2026, the board of Nhiệt điện Hải Phòng (HND) approved the removal of Dương Sơn Bá as General Director, nearly five months after he was prosecuted and detained for “forging documents of agencies or organizations.” The company did not state a reason and has not yet named an official replacement. Since May 21, Deputy General Director Trần Xuân Trường has performed the General Director's duties, and in August 2026 Lê Anh Tân was assigned the same role. The company also approved an extraordinary shareholders' meeting on December 4, 2026 to restructure the board and supervisory board, with November 3 as the final registration date for the shareholder list. In the first half of 2026, net revenue reached nearly 6,081 billion VND, up 8%, and after-tax profit exceeded 508 billion VND, up nearly 25%.
- Mr. Nguyễn Duy Dũng arrested, company issues important disclosure
Thép Tấm lá Thống Nhất (TNS) reported Q3 2026 net revenue of nearly 125 billion VND, down over 31%, but a sharper drop in cost of goods sold lifted gross profit nearly 280% to over 18 billion VND and after-tax profit to nearly 10 billion VND, up over 870%. For the first nine months, revenue reached over 794 billion VND, down about 13.6%, while after-tax profit was over 13 billion VND, up about 4%. The company attributed the margin gain to a shift toward higher-margin products, with production and sales volumes up about 95% and 96% year on year. As of 30 September 2026, total assets stood at over 344 billion VND, down 17% from the start of the year, and accumulated losses were nearly 95 billion VND. Earlier, in late May, TNS disclosed that Board of Supervisors member Nguyễn Duy Dũng, a former chief accountant of Công ty TNHH Khai thác và Luyện kim Việt-Trung, had been prosecuted and detained, and the company said the matter does not affect its operations or shareholder interests.
- Ms Dang Le Bich Phuong arrested, company issues important announcement
Sonadezi (SNZ) disclosed that it currently does not meet public company requirements under the Securities Law. Per the VSDC shareholder list dated October 8, 2026, Dong Nai Provincial People's Committee holds 99.54% of voting shares while 483 other shareholders hold just 0.46%, whereas at least 10% must be held by at least 100 non-major investors. A proposal to keep state ownership until 2030 is under review by the Dong Nai People's Committee and the Department of Finance. Earlier, Supervisory Board Head Dang Le Bich Phuong was prosecuted and detained in May 2026 for violating rules on managing and using state assets, causing loss and waste. In H1 2026, revenue fell 25.7% to VND 2,751.8 billion and post-tax profit dropped 43.9% to VND 727.28 billion, while gross margin narrowed from 49.1% to 37.4%.
- Real estate company of Dr. Nguyễn Việt Cường loses over VND 5,000 billion in market value in just one month
Kosy (HoSE: KOS) shares closed at the VND 9,630 floor price on October 12, down 6.96%, after 16 consecutive sessions at the floor. The company's market value fell about VND 5,113 billion, from roughly VND 7,198 billion to around VND 2,085 billion within about a month, while sell orders at the floor exceeded 70 million shares with almost no buyers. Kosy said investor selling sentiment and some brokerages cutting margin ratios for KOS had added pressure on the price and liquidity, and maintained that core business operations had no unusual changes. In the first half of 2026, revenue reached nearly VND 722.7 billion (up 9%) and after-tax profit was VND 15.36 billion (up 120.7%), about 12.8% of the VND 120 billion full-year target. Ms. Hoàng Thị Yến, sister-in-law of chairman Nguyễn Việt Cường, registered to buy 8 million KOS shares from October 15 to November 13.
- Pham Thanh Tien, Cao Hung Cuong and 5 companies plan to buy 300 million shares of a bank
Pham Thanh Tien, Cao Hung Cuong and five companies have registered to buy a combined 300 million PVcomBank (PCB) shares in the 2026 private placement at VND 13,628 per share, or about VND 4,088 billion if fully sold. The five companies plan to buy over 268.9 million shares for about VND 3,666 billion, while the rest goes to two individual existing shareholders. The article notes the offer price is well above the market: PCB closed on October 15 at VND 8,300, about 39% lower. PVcomBank said foreign ownership is expected to fall from 8.05% to 6.039% after the offering, and Petrovietnam holds 52% of charter capital.
- Police Issue Important Notice on License Plates for All Residents Nationwide
The Traffic Police Department of Hải Phòng City Public Security has issued guidance on handling lost or faded license plates caused by storms and flooding, and warned people never to make or print fake plates, which carry heavy penalties. If a plate is lost on a flooded road, people should search the area if it is safe and may post on social media; if it is lost or stolen, they must report it to the commune or ward police where it happened. Replacements can be requested online through the National Public Service Portal using a Level 2 electronic identification account, then the vehicle, the owner's citizen ID, the original registration certificate and the old plate (if faded or damaged) must be brought to the police. Until the new plate is issued, riders must not drive with a homemade plate or without one.
Related markets
Latest news
- TRX Gold to Present at Red Cloud's Fall Mining Showcase 2026
TRX Gold will present at Red Cloud's Fall Mining Showcase 2026, an in-person conference at the Omni King Edward Hotel in Toronto on October 28 and 29, 2026. Stephen Mullowney is scheduled to present on Thursday, October 29, 2026 at 12:00 PM Eastern. The release describes the company as a gold producer advancing the Buckreef Gold Project in Tanzania, which includes an established open pit and a 2,000 tonnes per day plant. The May 2025 PEA outlines average annual gold production of 62,000 oz over 17.6 years.
- Tesla Stock vs. the S&P 500: Which Investment Wins Through 2030?
The article argues Tesla trades at roughly 203 times this year's expected earnings and 13 times expected sales, a valuation that looks very expensive given gross margin pressure and a slower-than-expected robotaxi rollout. The flying Roadster, slated for production in 2028, is unlikely to make a meaningful sales or earnings contribution before 2030. The author thinks a Tesla-SpaceX merger by the end of the decade, likely an all-stock deal, is more likely than not and would be a key factor in how Tesla stock performs against the S&P 500 through 2030.
- SpaceX surprises Wall Street with Oct. 20 earnings date — here's why
SpaceX (SPCX) will release earnings on Oct. 20 after the market close, a surprise since earnings dates are usually shared weeks in advance. Evercore ISI analyst Kutgun Maral says possible reasons include putting updated financials on record before new financing or getting ahead of major lock-up releases, though scheduling is also possible. Reuters reported SpaceX is seeking $40 billion in financing to buy advanced Nvidia AI chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo expected to lead. The lock-up schedule includes 1.30 billion shares two days after earnings, 329 million on 10/24, and a remaining 857 million tranche of the 180-day group.
- AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
American Electric Power (AEP) has announced a joint development agreement with X-energy to evaluate the feasibility of a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana. Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and is built, Amazon intends to buy the power under a long-term contract covering the facility's costs and operations. The initial project would include 12 Xe-100 units of 80 MW each, and the companies say it could create jobs, expand the local tax base and strengthen the grid for more than 60 years. AEP says the agreements include the financial safeguards it considers essential for any nuclear project to move forward.
- Talamore Marks One Year at Coffee with Major Advances Toward a 2027 Construction Decision
Talamore Mining marks one year since closing its acquisition of the Coffee Gold Project in Yukon, Canada, from Newmont Corporation on October 17, 2025. The company has assembled a financing package of up to C$688 million, including a C$149.5 million equity offering, a C$450 million secured project debt facility and up to C$88 million from a warrant early-exercise program. A primary road permit received in August 2026 allows completion of the 214-kilometre Northern Access Route from Dawson City. The February 2026 Preliminary Economic Assessment outlined a 13-year open-pit heap leach mine with an after-tax NPV (5%) of US$2.3 billion and an after-tax IRR of 47.8%. G Mining Services is completing the Feasibility Study, expected in Q1 2027, ahead of a construction decision targeted for the first half of 2027.
- Tiger Gold Extends Mineralization to the South at Ceibal, Drilling 268 m @ 0.5 g/t Au from Surface
Tiger Gold reported assay results from hole CEDDH-023 at its Ceibal target within the Quinchía Gold Project in Colombia. The hole intersected 268 metres grading 0.5 g/t Au from surface, extending mineralization south into a previously untested part of the corridor. Mineralization remains open to the west and southwest, where additional holes are testing for extension, and assays from Ceibal and Tesorito are pending. The drilling is intended to support a maiden Mineral Resource estimate, targeted for near the end of Q1 2027.
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.