ACB appoints new general director: press conference

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Báo Tuổi Trẻ English 9 month(s) ago

ACB appoints new general director: press conference

Ly Xuan Hai on Thursday left the position of General Director of Asia Commercial Joint Stock Bank (ACB) after his resignation letter based on his own choice has been approved by the bank’s board of directors, a press conference said on August 23.

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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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Scandal undermines confidence of foreign investors

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Báo Dân Trí English 2 month(s) ago

Scandal undermines confidence of foreign investors

Nguyen Duc Kien was arrested on August 20, 2012 on charges of fraud in connection with three companies he owned. He is alleged to have taken billions of VND.

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Economic governance declines, reforms urged

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VietNam News English 2 month(s) ago

Analysis provided by the 2012 provincial competitive index (PCI) has revealed a sharp decline in economic governance across the country, leading to calls for local authorities to hasten reform.

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Former financial mogul may face 4 charges

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Báo Tuổi Trẻ English 2 month(s) ago

Former financial mogul may face 4 charges

Nguyen Duc Kien may face another legal proceeding in connection with tax evasion in addition to the three charges that have already been lodged against him.

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Footballer Cong Vinh joins Song Lam Nghe An with lower pay

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Báo Dân Trí English 3 month(s) ago

Footballer Cong Vinh joins Song Lam Nghe An with lower pay

Striker Le Cong Vinh will return to his former club, Song Lam Nghe An, but with much lower pay than he received at Hanoi Club.

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Shares fall on company reports

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VietNam News English 3 month(s) ago 1 duplicate news 1 related news

Shares fall on company reports

National stocks finished yesterday's session in the red as stock indices were dragged down mostly due to profit reports of listed companies.

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Economists urge effort to build services sector

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VietNam News English 3 month(s) ago 1 duplicate news

The services sector is in a slump along with the rest of the economy, and economists have suggested measures to help it recover.

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New rules on illegal trading lift shares

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

Shares improved on the two exchanges by the end of yesterday afternoon's session following the information that the State Securities Commission had tightened control on illegal trading on the stock market.

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Securities suffer from business slump

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VietNam News English 4 month(s) ago

A decline in businesses performances last year caused a downturn in the quality of securities, affecting investor confidence, says the State Securities Commission.

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Liquidity soars, stock market peaks since Kien’s arrest

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Báo Tuổi Trẻ English 4 month(s) ago

Liquidity soars, stock market peaks since Kien’s arrest

With the help of foreign investors, the two benchmark indices of Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX) today witnessed their most beautiful day since August 21, 2012, one day after financial mogul Nguyen Duc Kien was arrested.

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The 50 richest stock women in 2012

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Hanoi Times English 4 month(s) ago

The Hanoitimes - Nearly half of the members on the list of top 50 stock millionairesses have been managing big enterprises in the stock market.

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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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Hanoi club to trade Cong Vinh for VND4 billion

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Báo Dân Trí English 5 month(s) ago

Hanoi club to trade Cong Vinh for VND4 billion

Hanoi Football Club has decided to again lower their asking price for trading attacker Le Cong Vinh to VND4 billion (USD190,400), down from the earlier VND5 billion (USD238,000).

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Arrest, fraud and gold ban cause ACB to lose $451 mln

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Báo Tuổi Trẻ English 5 month(s) ago

Arrest, fraud and gold ban cause ACB to lose $451 mln

Total assets of Asia Commercial Joint Stock Bank lost some VND9.4 trillion ($451.34 million) in 2012 due to the arrest of financial mogul and bank co-founder Nguyen Duc Kien, the ban on gold mobilization and lending, and the VND719 billion loss caused by a swindler.

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