Two business leaders face prosecution for fraud

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VietNam News English 6 day(s) ago

Two business leaders face prosecution for fraud

Ca Maus Police Department yesterday prosecuted two fishing industrys business leaders for defrauding the Viet Nam Development Banks (VDB) Minh Hai branch in Ca Mau of VND600 billion (US$28.5 million).

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Vinalines to use proceeds from subsidiaries’ IPOs to restructure debt

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VietnamNet English 2 month(s) ago

Vinalines to use proceeds from subsidiaries’ IPOs to restructure debt

VietNamNet Bridge - The government has allowed the Vietnam Shipping Lines Corporation (Vinalines) to use proceeds from the IPO (initial public offering) of its subsidiaries to restructure debt.

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New circular may not help SMEs

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VietnamNet English 6 month(s) ago

New circular may not help SMEs

VietNamNet Bridge – A circular issued by the Ministry of Finance (MoF), set to take effect this Friday, may not succeed in facilitating the provision of credit guarantees to small- and medium-sized enterprises (SMEs).

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New circular may not help SMEs

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VietNam News English 6 month(s) ago

A circular issued by the Ministry of Finance (MoF), set to take effect this Friday, may not succeed in facilitating the provision of credit guarantees to small- and medium-sized enterprises (SMEs).

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Vietnam criminally charges ex-bankers with causing $47 mln loss

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Báo Tuổi Trẻ English 8 month(s) ago 1 related news

Vietnam criminally charges ex-bankers with causing $47 mln loss

The Ministry of Public Security on Tuesday indicted six former officials at a branch of the state-owned Vietnam Development Bank (VDB) for their alleged wrongdoing that caused a total loss of over US$47 million.

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VDB chiefs arrested for lending violations

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VietNam News English 8 month(s) ago

Police yesterday prosecuted and arrested six cadres and leaders of the Viet Nam Development Bank (VDB)'s at the Minh Hai branch for violation of lending laws, with serious consequences.

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Former banker gets death in $93 mln swindle case

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Báo Tuổi Trẻ English 9 month(s) ago 1 related news

Former banker gets death in $93 mln swindle case

The People’s Court of the Central Highlands province of Dak Nong has sentenced Vo Viet Hung, 57, the ex-director of Vietnam Development Bank (VDB)’s branch in Dak Lak-Dak Nong Provinces, to death. He was charged with three offenses in a swindling case that occurred in 2008.

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Ex-bank official faces death in $90 mln swindle case

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Báo Tuổi Trẻ English 9 month(s) ago 2 related news

Ex-bank official faces death in $90 mln swindle case

The former director of a branch of the Vietnam Development Bank (VDB) and 12 other defendants are being tried in the Central Highlands in a large swindling case that amounted to over VND1.9 trillion (US$93 million) and was uncovered six years ago. The ex-banker is facing a capital sentence.

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Former bank director faces trial in Dak Nong

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VietNam News English 9 month(s) ago

The trial of Vu Viet Hung, former director of the Vietnam Development Bank (VDB)'s branch in the Central Highlands region of Dak Lak-Dak Nong is set to begin on March 11.

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Banks still thirsty for G-bonds

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SaigonTimes English 11 month(s) ago

HCMC – The State Treasury and Vietnam Development Bank (VDB) have fulfilled this year’s targets of mobilizing funds via Government bonds but local banks are still picking up such bonds these days.

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VDB provides financing for construction of plywood

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VietNam News English 12 month(s) ago

Viet Nam Development Bank's branch in Bac Kan Province and SAHABAK JSC have signed a credit agreement to finance construction of a medium density fibreboard (MDF) with SAHABAK manufacturer in northern Bac Kan Province. Accordingly, the Viet Nam Development Bank (VDB) will fund a loan of VND680 billion (US$32million) within 12 years with preferential interest rates for the SAHABAK JSC to manufacture an MDF plywood factory with a production capacity of 108.000 cu.metre per year.

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Credit contract for Mekong Delta’s largest wind power plant

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Báo QĐND English 13 month(s) ago

Credit contract for Mekong Delta’s largest wind power plant

PANO - The Vietnam Development Bank (VDB) and the Cong Ly Construction, Trading and Tourism Company signed a credit contract worth over VND 2 trillion, for the 2nd phase of the Bac Lieu wind-power plant project on November 7th.

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Over 1.4 trillion VND mobilised from Gov’s bonds

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VietnamPlus English 14 month(s) ago 1 related news

The Vietnam Development Bank (VDB) mobilised 1.4 trillion VND (65.8 million USD) from its Government-guaranteed bonds at a tender organised by the Hanoi Stock Exchange (HNX) on October 3.

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VDB sells 2.25 per cent of bonds on offer

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VietNam News English 15 month(s) ago

State-owned Viet Nam Development Bank (VDB) this week sold 2.25 per cent of VND4 trillion (US$190 million) in bonds offered on Tuesday.

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VDB to raise charter capital under new development strategy

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VietNam News English 17 month(s) ago

The Viet Nam Development Bank (VDB) will raise its charter capital to VND20 trillion (US$952 million) by 2015 and VND30 trillion ($1.42 billion) by 2020 under a new development strategy approved by the Prime Minister.

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