Mr. Duong Van Mau, a board member and former Chairman of the Board of Directors of Northeastern Electric Development Investment Joint Stock Company (NEDI2), has been arrested by the Ministry of Public Security for violating bidding regulations. He also serves as Deputy General Director of Vietnam Construction Import-Export Corporation (Vinaconex). Mau was relieved of his position as Chairman in February 2025. NEDI2, managed by Vinaconex, focuses on energy investment, particularly hydropower, with the Ngai Phat hydropower plant in Lao Cai. The company has a charter capital of nearly 500 billion VND and total assets of about 1,500 billion VND. Vinaconex owns 51.1% of NEDI2, while Toyota Tsusho Corporation holds 35%. In 2025, NEDI2 reported a revenue of approximately 409 billion VND, up 12%, and a post-tax profit of 214 billion VND, up 32% compared to the previous year.
Archives: Fast News
-
Former Chairman of 1.7 Trillion Company Arrested
Mr. Duong Van Mau, former Chairman of the Board of Directors of Northern Electricity Investment and Development Joint Stock Company 2 (NEDI2), has been temporarily detained for violating bidding regulations. He was removed from his position on February 24, 2025, and currently serves as a Board member and Deputy General Director at the Vietnam Construction and Import-Export Corporation (Vinaconex). NEDI2, a subsidiary of Vinaconex, focuses on hydropower investment, with a charter capital of nearly 500 billion VND and total assets of around 1.5 trillion VND. The largest shareholder is Vinaconex with 51.1% ownership, followed by Toyota Tsusho Corporation with 35%. By 2025, NEDI2 reported nearly 409 billion VND in revenue and 214 billion VND in profit, with a market capitalization exceeding 1.7 trillion VND.
-
Digital asset investment products attracted 619 million USD in inflows; Bitcoin led with 521 million USD, followed by Ethereum and Solana
In total, digital asset investment products captured 619 million USD in inflows. Bitcoin was the major contributor at 521 million USD, followed by Ethereum at 88.5 million USD, and Solana attracting 14.6 million USD.
Despite XRP witnessing outflows of 30.3 million USD, the overall trend for crypto investments remained positive, reflecting growing confidence in the digital asset market.
-
Dexe experiences 17% surge as buyers take control: Is a breakout towards 7 USD imminent?
DEXE jumped 17.74% to 4.37 USD, reflecting heightened market participation with volume hitting 14.63 million USD. This rise indicates renewed demand from traders reacting to market conditions.
As DEXE approaches significant resistance at 4.79 USD, traders anticipate a potential breakout. The current upward momentum suggests the possibility of reaching higher targets around 7 USD if buying pressure is maintained.
-
Yellow alert: SOL long ratio at 77.20%, exceeds 75% threshold
YELLOW ALERT: SOL futures long ratio reached 77.20% against 75% threshold. Current positioning split 77.20% long vs 22.80% short (3.39:1 ratio). Extreme long concentration indicates elevated risk of sharp reversals if market sentiment shifts.
-
A company intends to distribute additional cash dividends at a rate of 20%, raising the total dividend rate to 30%
On March 6, ITD Technology Joint Stock Company (stock code: ITD) announced that it would seek shareholder approval to add a cash dividend of 20% for the year 2025, which, if approved, would increase the total payout rate to 30%. With approximately 26.2 million shares outstanding, ITD would need to pay at least 52 billion VND for this additional distribution. Previously, in February, the company paid an interim dividend for 2025 at a rate of 10%. If this proposal is approved, the total cash dividend for 2025 will reach 30%. ITD distributed dividends in shares during 2020, 2021, and 2024, but suspended this practice in 2022 and 2023. The company has not yet published the fourth-quarter financial statement for 2025. According to the third-quarter financial statement for 2025, ITD reported a revenue of 406 billion VND, up 14%, and a post-tax profit of over 85 billion VND, 4.3 times higher than the same period last year.
-
Nigel Farage acquires stake in Bitcoin company Stack BTC
Nigel Farage, via Thorn In The Side Ltd, has bought shares at £0.05 each, representing 6.31% of Stack BTC’s total value. Blockchain.com is also involved as a strategic investor in this round.
Farage envisions London as a major cryptocurrency hub and supports Stack BTC’s plan to create a corporate portfolio with a Bitcoin reserve.
-
Solana CEO highlights network benefits for stablecoin infrastructure
The CEO of a stablecoin project stated that running stablecoins requires a secure, efficient, fast, and cost-effective blockchain network. According to the executive, Solana meets these requirements for stablecoin infrastructure development.
-
MultiversX ecosystem updates: Battle of Nodes event and platform milestones
MultiversX announced several ecosystem developments this week. The Battle of Nodes event launches March 11, alongside the introduction of the MvX Agentic Hub and SpaceCraft SDK updates. The Philanthropify charity platform went live on the network. Current metrics show 9.17M accounts with 592M total transactions and 14.3M EGLD staked. The xPortal App has over 2.5M users with 100k+ staking EGLD, while xExchange maintains $4.26M in TVL with $1.8M in weekly trading volume.
-
MANTRA introduces simplified token migration from Cosmos to EVM
MANTRA Chain has launched a new process to streamline token transfers from the Cosmos network to EVM-compatible chains. The update simplifies what was previously a multi-step migration process into a straightforward token movement mechanism. Users can now transfer MANTRA tokens between Cosmos and EVM networks without the complexity of traditional migrations.