Latest news with #Phuong
Korea Herald
21-05-2025
- Business
- Korea Herald
ExtendMax Becomes First Vietnamese Company to Win the Asia-Pacific People's Choice Stevie Awards
HANOI, Vietnam, May 21, 2025 /PRNewswire/ -- ExtendMax has made history as the first Vietnamese company to win the Asia-Pacific Stevie® People's Choice Award, securing the coveted "Favorite Company" title. This major milestone reflects ExtendMax Vietnam Company Limited 's decade-long journey building trust through regulatory expertise and seamless project execution for multinational clients entering or operating in Vietnam. "We're honored to represent Vietnam on a global stage," said Tran Thanh Phuong, Founder and CEO of ExtendMax. "This award belongs to our customers, partners, and team – people who've trusted us to solve complex compliance challenges and deliver critical business outcomes." ExtendMax's recognition follows a growing list of achievements, including Gold and Silver Stevie Awards in innovation categories, further cementing Mr. Phuong's status as a leading legal and compliance expert in Vietnam's fast-evolving tech and import landscape. One of ExtendMax's hallmark achievements underscoring its capabilities is the project supporting LEGO in importing the IT systems for LEGO's largest global factory in Vietnam, with a total investment of approximately USD 1.3 billion. From the outset, this project faced numerous regulatory challenges related to importing IT equipment that uses encryption technology and network security systems. As both a consulting firm and a trusted provider of Importer of Record (IOR) services in Vietnam, ExtendMax provided end-to-end advisory services, crafted detailed plans, applied for encryption licenses, and prepared all necessary procedures to ensure the project stayed on schedule without disruption. Thanks to its comprehensive solutions and extensive experience handling large-scale projects, ExtendMax enabled LEGO to smoothly import tens of millions of dollars' worth of IT equipment, helping ensure the factory's construction and operations progressed as planned. "The LEGO project is a testament to the values of commitment and customer-centricity that ExtendMax upholds. We don't just provide consulting; we stand side by side with our clients, overcoming every obstacle, executing every procedure, and taking responsibility for the final outcomes. Our clients' success is our success – and that is the value we cherish most," Mr. Tran Thanh Phuong added. According to CEO Tran Thanh Phuong, this People's Choice Stevie Award is not only a recognition of his personal efforts or those of the leadership team – it is a proud achievement of the entire ExtendMax collective, whose members have remained steadfast in their mission to accompany and support clients in successfully completing every project. He also extended his heartfelt gratitude to the customers, partners, and community who took the time to vote, share, and support ExtendMax, helping the company make its mark across the region: "The Stevie Awards are among the world's most prestigious business awards. This year, the Asia-Pacific Stevie Awards received over 1,000 nominations from 29 markets, but only eight People's Choice Stevie Awards were presented. ExtendMax is honored and proud to be the only Vietnamese company to win this special category. I believe this award belongs to all of us – the ExtendMax team, our customers, partners, and friends – those who have joined me in a nearly decade-long journey of continuous innovation, relentless effort, and the ambition to reach the global stage." Looking ahead, Mr. Phuong shared that ExtendMax remains committed to its strategic focus on developing professional compliance certification consulting services and Importer of Record solutions, enhancing internal capabilities, embracing digital transformation, and expanding international partnerships. "We will not stop at this award. This is the motivation for ExtendMax to continue improving service quality, pursuing innovative solutions, and advancing transparent, sustainable development that brings value to the business community in Vietnam and the broader region," Mr. Tran Thanh Phuong emphasized. ExtendMax Vietnam Co., Ltd. is a leading provider of product conformity certification and IOR services, enabling seamless market entry and regulatory compliance for global companies operating in Vietnam. Founded in 2014 and led by industry expert Tran Thanh Phuong, ExtendMax has built a reputation for integrity, speed, and execution in mission-critical projects for some of the world's largest brands.
Yahoo
21-05-2025
- Business
- Yahoo
ExtendMax Becomes First Vietnamese Company to Win the Asia-Pacific People's Choice Stevie Awards
HANOI, Vietnam, May 21, 2025 /PRNewswire/ -- ExtendMax has made history as the first Vietnamese company to win the Asia-Pacific Stevie® People's Choice Award, securing the coveted "Favorite Company" title. This major milestone reflects ExtendMax Vietnam Company Limited's decade-long journey building trust through regulatory expertise and seamless project execution for multinational clients entering or operating in Vietnam. "We're honored to represent Vietnam on a global stage," said Tran Thanh Phuong, Founder and CEO of ExtendMax. "This award belongs to our customers, partners, and team – people who've trusted us to solve complex compliance challenges and deliver critical business outcomes." ExtendMax's recognition follows a growing list of achievements, including Gold and Silver Stevie Awards in innovation categories, further cementing Mr. Phuong's status as a leading legal and compliance expert in Vietnam's fast-evolving tech and import landscape. One of ExtendMax's hallmark achievements underscoring its capabilities is the project supporting LEGO in importing the IT systems for LEGO's largest global factory in Vietnam, with a total investment of approximately USD 1.3 billion. From the outset, this project faced numerous regulatory challenges related to importing IT equipment that uses encryption technology and network security systems. As both a consulting firm and a trusted provider of Importer of Record (IOR) services in Vietnam, ExtendMax provided end-to-end advisory services, crafted detailed plans, applied for encryption licenses, and prepared all necessary procedures to ensure the project stayed on schedule without disruption. Thanks to its comprehensive solutions and extensive experience handling large-scale projects, ExtendMax enabled LEGO to smoothly import tens of millions of dollars' worth of IT equipment, helping ensure the factory's construction and operations progressed as planned. "The LEGO project is a testament to the values of commitment and customer-centricity that ExtendMax upholds. We don't just provide consulting; we stand side by side with our clients, overcoming every obstacle, executing every procedure, and taking responsibility for the final outcomes. Our clients' success is our success – and that is the value we cherish most," Mr. Tran Thanh Phuong added. According to CEO Tran Thanh Phuong, this People's Choice Stevie Award is not only a recognition of his personal efforts or those of the leadership team – it is a proud achievement of the entire ExtendMax collective, whose members have remained steadfast in their mission to accompany and support clients in successfully completing every project. He also extended his heartfelt gratitude to the customers, partners, and community who took the time to vote, share, and support ExtendMax, helping the company make its mark across the region: "The Stevie Awards are among the world's most prestigious business awards. This year, the Asia-Pacific Stevie Awards received over 1,000 nominations from 29 markets, but only eight People's Choice Stevie Awards were presented. ExtendMax is honored and proud to be the only Vietnamese company to win this special category. I believe this award belongs to all of us – the ExtendMax team, our customers, partners, and friends – those who have joined me in a nearly decade-long journey of continuous innovation, relentless effort, and the ambition to reach the global stage." Looking ahead, Mr. Phuong shared that ExtendMax remains committed to its strategic focus on developing professional compliance certification consulting services and Importer of Record solutions, enhancing internal capabilities, embracing digital transformation, and expanding international partnerships. "We will not stop at this award. This is the motivation for ExtendMax to continue improving service quality, pursuing innovative solutions, and advancing transparent, sustainable development that brings value to the business community in Vietnam and the broader region," Mr. Tran Thanh Phuong emphasized. About ExtendMax ExtendMax Vietnam Co., Ltd. is a leading provider of product conformity certification and IOR services, enabling seamless market entry and regulatory compliance for global companies operating in Vietnam. Founded in 2014 and led by industry expert Tran Thanh Phuong, ExtendMax has built a reputation for integrity, speed, and execution in mission-critical projects for some of the world's largest brands. Head Office: ExtendMax Villa, C01-L18 An Vượng, Dương Nội Urban Area, Hà Đông, HanoiTel: +84 24 6666 3066Email: consultant@ Website: View original content to download multimedia: SOURCE EXTENDMAX VIETNAM COMPANY LIMITED
South China Morning Post
19-05-2025
- South China Morning Post
In the footsteps of Saigon's Quiet American, 70 years on
Northeast of central Saigon lies the Dakow canal. It was here, in its dirty waters, that the body of an American man was found drowned in the mud – stabbed in the chest, it would later be determined, by 'a rusty bayonet'. Thus begins Graham Greene 's The Quiet American, published 70 years ago this year. Set during the first Indochina war (1946-1954), the novel tells of a love triangle between a jaded British foreign correspondent and self-professed désengagé, Thomas Fowler; Vietnamese beauty Phuong; and a young American, Alden Pyle, whose quietness belies a dangerous idealism. Often noted for its foresight into American involvement in the Vietnam war, the novel's real triumph lies in how vividly it brings its setting to life. Today, it makes for an interesting companion while exploring Saigon – now officially known as Ho Chi Minh City – where traces of remote Greeneland can still be found. The Cao Dai Temple in Ho Chi Minh City. Photo: Oliver Raw The far bank of the canal, described in the novel as Vietminh territory by night, is now part of the urban core, with restaurants lining the water and apartment buildings shooting upwards beyond. During my visit, I find no bodies floating under the bridge, just elderly residents doing their morning exercises and a man fishing in the muddy waters. A woman empties a plastic bag filled with juvenile catfish into the canal. 'For peace,' she tells me, before hopping on her scooter and speeding away like someone fleeing the scene of a crime. Those familiar with the novel will know I have begun, like Greene, where the story comes full circle. To follow events properly, however, we must visit the Rue Catinat, or Dong Khoi ('mass uprising') Street as it is known today, where much of the action of the novel takes place. The Hotel Continental is the city's oldest hostelry and during the war was a watering hole for journalists. Greene doesn't offer much detail about its appearance but its Grecian-influenced design remains largely unchanged from early photographs, although the terrace, which once would have resounded to the clatter of dice games (a favourite pastime of French colonials) is now fully enclosed.
American Military News
11-05-2025
- Politics
- American Military News
Imprisoned Vietnam activist charged for writing ‘down with communism'
This article was originally published by Radio Free Asia and is reprinted with permission. Prominent Vietnamese land rights activist Trinh Ba Phuong is facing a second charge of anti-state propaganda after prison guards found a document in his cell that said, 'down with communism,' his wife told Radio Free Asia. Phuong is already serving a 10-year prison sentence related to his dissemination of information about a 2020 land dispute where police clashed with villagers outside Hanoi. Do Thi Thu, Phuong's wife, told RFA Vietnamese that he has been charged again under Article 117 of the Criminal Code which punishes 'making, storing, and disseminating' anti-state information – a charge commonly used against government critics. 'According to the investigator, in November 2024, my husband was found having papers and banners whose content were deemed against the state,' Thu said, adding that authorities at An Diem prison in central Quang Nam province where he is held forwarded those materials to the provincial security agency which decided to prosecute him. She said the documents and banners were all written by Phuong to protest harsh conditions in An Diem prison and he kept them in his cell. One included the words, 'down with communism.' An Diem prison is known for incarcerating political prisoners. In April 2024, RFA reported on four prisoners of conscience, including Phuong, who were allegedly mistreated by the prison authorities. 'I am very upset about what the prison in Quang Nam province did to my husband! My husband's writing has no impact on society because he is in prison. They are just trying to punish him. Now facing another charge, the number of years my husband will have to spend in prison will be very high if the sentences pile up,' Thu told RFA. Phuong's lawyer, Dang Dinh Manh, who has decades of experience in political cases, said it is unprecedented for a political prisoner to be prosecuted for expressing his opinions in prison. 'The suppression of political prisoners in communist prisons is quite common, but Trinh Ba Phuong's is the first case where a prisoner is criminally prosecuted for expressing their political opinions,' Manh said. He said the latest charge against Phuong under Article 117 is 'baseless.' 'Article 117 only applies to acts against the Socialist Republic of Vietnam. The Communist Party is a political organization, not a state. There is also no provision that allows equating the Communist Party with the State,' he said. Phuong's mother Can Thi Theu and younger brother Trinh Ba Tu are also imprisoned, serving 8-year sentences imposed in 2021, also on charges of spreading anti-state propaganda. The family is known for opposing land grabs and for supporting farmers who have lost their land to development projects.
The Star
09-05-2025
- Business
- The Star
Stock market upgrade expected by September
Regulatory push: A man walks past the Hanoi Stock Exchange. The government's determination to elevate the country's stock market is evident, with clear political will demonstrated in various regulatory meetings. — Reuters HANOI: Vietnam's stock market is on the brink of a significant transformation, with expectations mounting for an upgrade to emerging market status by September. This ambitious goal was emphasised at the regular government press conference on Tuesday by Deputy Finance Minister Tran Quoc Phuong, who noted that the government is committed to achieving this milestone through a series of strategic initiatives. The Finance Ministry (MoF) is actively implementing a comprehensive plan to enhance market capabilities and meet the stringent criteria set by international rating agencies such as FTSE Russell and MSCI. While Vietnam has largely satisfied the necessary technical criteria, challenges remain in gaining the confidence of foreign investors and ensuring a transparent and accessible investment environment. 'However, this is merely a necessary condition. 'The sufficient condition hinges on the remaining processes and foreign investors' assessments of investment activities within the Vietnamese stock market,' Phuong said. To address these challenges, the ministry has outlined six major strategic actions aimed at bolstering investor trust and facilitating the upgrade process. Key among these initiatives is the effective deployment of the KRX system, a new technology platform designed to improve trading efficiency and risk management for foreign investors. This system introduces advanced features for transaction processing and payment, streamlining the investment process. Additionally, recent regulatory changes have removed significant barriers by allowing foreign institutional investors to place buy orders without requiring full upfront funds. This reform is anticipated to enhance investment fluidity and attract more foreign capital. The MoF is also reviewing and amending Decree 155 to clarify the timelines for public companies to report their foreign ownership limits, thereby increasing transparency for market participants. Simplifying the procedures for opening indirect investment accounts is another focus, with the ministry collaborating with the State Bank of Vietnam to facilitate foreign capital inflows. Furthermore, the introduction of omnibus trading accounts for foreign funds is set to simplify transaction processes, allowing fund managers to execute trades on behalf of multiple portfolios simultaneously. This innovation aims to enhance operational efficiency for foreign institutional investors. In addition to regulatory reforms, the ministry is focused on increasing the supply of financial products and improving the listing process for companies after their initial public offerings. Developing new investment indices will also provide more benchmarks for fund managers, further enriching the investment landscape. To ensure ongoing dialogue between regulators and market participants, a policy dialogue group will be established, comprising representatives from the State Securities Commission, investment funds, and securities firms. This group will facilitate timely discussions on market needs and regulatory responses, a step many experts believe is crucial to making policy more responsive. Despite the progress made, Vietnam's path to achieving emerging market status is fraught with challenges. FTSE Russell's recent report classified Vietnam as a frontier market, citing concerns about payment systems and market accessibility. However, the introduction of non-pre-funding models for foreign investors has been recognised as a positive development, indicating that improvements are underway. The government's determination to elevate Vietnam's stock market is evident, with clear political will demonstrated in various regulatory meetings. As the September deadline approaches, the financial community is hopeful that these efforts will culminate in a successful upgrade, positioning Vietnam as a premier investment destination in the region. — Viet Nam News/ANN
