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Esports match fixing highlights breadth of corruption in sports in Vietnam

A total of 32 players and coaches have been suspended from the Vietnam Championship Series of the video game League of Legends after allegations of match-fixing surfaced. The allegations came to light back in March and saw the competition put on hold while an investigation took place.

Professional sports leagues in Vietnam have struggled to develop on the back of limited investment and low pay for sports players that has resulted in players developing side hustles like match-fixing. More prominently, the Vietnamese Premier League was voted the third most corrupt league in the world back in 2016, but not much has been done to clean up Vietnamese soccer since–As recently as February, five players were charged for match fixing.

This speaks to the proliferation of corruption in Vietnam and serves as a reminder just how heavily embedded it can be in Vietnamese society and business more broadly.

See also: Corruption in Vietnam: Cheat Sheet 2024

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Saigon Thuong Tin Commercial Bank: Vietnam Stock Overview

In 2015, Sacombank merged with Southern Commercial Bank, the latter known as Phuong Nam in Vietnamese, which was in distress without about 50 percent of its debts considered bad at the time. This merger had a huge impact on Sacombank’s business performance in the period from 2016 to 2023 as it needed to set aside provisions for, as well as process, these bad debts. However, most of that assets have now been handled…

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Vietnam C.Bank raises reference rate, Tuesday

This Vietnamese Dong Tracker records the latest news and developments with respect to the local currency. It includes the current prices as well as State Bank of Vietnam monetary policy and open market operations including treasury bill issuances and interbank lending.

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Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked

Vietnam’s GDP grew by 7.4 percent in the third quarter of 2024 compared to 2023, according to data from the General Office of Statistics. This was higher than expected and bucked an understanding that it might take a hit off the back of Typhoon Yagi. This ostensibly positive news, however, seemed to overshadow another couple of key economic observations.

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Vietnam Wine Industry: Overview 2024

Vietnam’s wine industry has steadily grown, driven by an expanding middle class and a rising interest in wine culture. While traditionally dominated by beer and spirits, wine is becoming increasingly popular, particularly in urban areas. The domestic wine industry is centred around the Central Highlands, with Dalat being the hub of local production. Brands like Ladora Winery and Vang Dalat are well-known, offering affordable and accessible options to Vietnamese consumers…

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Vietnam’s regtech industry could reach US$175 Million in 2024: Report

The report posits that the regtech sector will experience steady growth over the next several years, with a compound annual growth rate of 22 percent during the 2024-2029 period. This sustained expansion reflects the increasing demand for regulatory technologies in areas such as financial services, data protection, and risk management…

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