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VIETNAM BUSINESS NEWS FEBRUARY 22/2024

VIETNAM BUSINESS NEWS FEBRUARY 22/2024
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Companies increase deposit amounts to maximize interest earnings

As of the end of 2023, Mobile World Investment Corporation (MWG) held VNĐ24.3 trillion in cash and cash equivalents. ....

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Companies increase deposit amounts to maximise interest earnings

As of the end of 2023, Mobile World Investment Corporation (MWG) held VNĐ24.3 trillion in cash and cash equivalents. ....

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Myanmar Military Conglomerate Sanctioned by U.K.

The company, which has dozens of subsidiaries, was sanctioned last month by the U.S.
The city of Yangon in the evening. (Source: Alexander Schimmeck, via Unsplash)
By Samuel Rubenfeld and Helen Koo
Wednesday, April 7, 2021
The U.K. last week sanctioned Myanmar Economic Corporation (MEC), a military-linked conglomerate, over its involvement in human rights abuses following the coup.
MEC, which has dozens of subsidiaries involved in manufacturing, mining and telecommunications, was also sanctioned last month by the U.S., and is listed by Canada. Though the firm is owned in practice by the Myanmar defense ministry, it is associated with the Tatmadaw, the armed forces, according to a sanctions notice issued by the U.K. government. ....

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