Gold molds of non-SJC producers sealed up

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Báo Tuổi Trẻ English 6 month(s) ago

Gold molds of non-SJC producers sealed up

The State Bank of Vietnam has received gold bullion molds from five institutions that have been licensed to produce gold bars in order to seal and supervise, its Ho Chi Minh City branch has announced.

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Asia Commercial Bank faces great difficulties

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Báo Dân Trí English 1 week(s) ago

Asia Commercial Bank faces great difficulties

More than 200 staff of the Asia Commercial Bank (ACB), one of the most well-known banks in Vietnam, have been laid off over the past 3 months due to financial difficulties.

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Pay for top company leaders is dramatically diverging

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Báo Dân Trí English 2 week(s) ago

Pay for top company leaders is dramatically diverging

Last year, the deputy head of Quoc Cuong Gia Lai JSC surprised the public when he revealed that he only earned VND3 million per month (USD144). But he is not the only one who have to receive low wage.

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Foreign investors stick with ACB after controversy

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Báo Đầu Tư English 3 week(s) ago

Foreign investors stick with ACB after controversy

Foreign shareholders at Asia Commercial Bank will continue to team up with the Vietnamese lender despite the scandalous arrests of some executives in August 2012 that prompted changes in the bank’s board of directors.

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Gold fails to lure buyers at first auction

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VietNam News English 1 month(s) ago

The gold auction yesterday drew only two buyers - Asia Commercial Bank (ACB) and Phu Quy Gold Investment – who purchased a total of 2,000 taels (2,400 ounces).

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ACB cuts interest rates on raw material imports

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Nhân dân English 2 month(s) ago

ACB cuts interest rates on raw material imports

Nhan Dan Online – The Asia Commercial Bank (ACB) has announced it will provide up to VND2 trillion (US$96 million) in preferential loans to local importers.

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ACB posts lower profit due to gold and forex loss

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VietNam News English 3 month(s) ago

Asia Commercial Bank (ACB) incurred an after-tax loss of more than VND158 billion (US$7.6 million) in the fourth quarter of 2012.

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ACB aids VND2.2 billion for Ngu My Thanh kindergarten in Quang Dien

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SaigonTimes English 4 month(s) ago

ACB aids VND2.2 billion for Ngu My Thanh kindergarten in Quang Dien

The VND5 billion-Ngu My Thanh Kindergarten School in Quang Loi Commune, Quang Dien District in Thua Thien-Hue Province opened on Wednesday.

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Military Bank leads in profitability

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VietNam News English 4 month(s) ago 1 duplicate news

In 2012, for the first time, Military Bank saw the highest profit of all commercial joint stock banks.

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Standard Chartered muscles up support for ACB

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Báo Đầu Tư English 5 month(s) ago

Standard Chartered muscles up support for ACB

Standard Chartered Bank said it would continue to support Vietnam’s Asia Commercial Bank (ACB) in recovering from recent turmoil and further developing its business.

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Stocks end punishing year for businesses

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VietNam News English 5 month(s) ago

Beginning August 21, the Vietnamese stock market reacted negatively to the arrest of bank millionaire Nguyen Duc Kien, the co-founder of Ha Noi Stock Exchange-listed Asia Commercial Bank (ACB). The VN-Index and HNX-Index plunged with maximum speed during six consecutive sessions. Two months later, the market was shaken again as several officials of the bank were arrested for financial fraud.

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ACB suffers big loss in gold business

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SaigonTimes English 5 month(s) ago

ACB suffers big loss in gold business

HCMC – The rising gap between local and international gold prices continued to dampen foreign exchange and gold business of Asia Commercial Bank (ACB) in the fourth quarter, causing its profit to shrink sharply.

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Stock exchange offers investors more options

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Báo Tuổi Trẻ English 5 month(s) ago 1 related news

Stock exchange offers investors more options

Covered warrants, a new stock market initiative, will soon be applied to the Ho Chi Minh City Stock Exchange, it was announced on December 13.

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ACB loses $35 mln in woman’s $192 mln swindle

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Báo Tuổi Trẻ English 5 month(s) ago

ACB loses $35 mln in woman’s $192 mln swindle

Asia Commercial Bank, or ACB, has suffered a VND719 billion, or US$34.5 million loss caused by Huynh Thi Huyen Nhu, who has swindled a combined VND4 trillion, or $192 million, from several banks and credit institutions.

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ACB pulls back from holdings

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Báo Đầu Tư English 5 month(s) ago

ACB pulls back from holdings

Under fire Asia Commercial Bank is to make a bold withdrawal of its holdings in other banks to narrow the focus of its business.

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