Banking assets rise by 16% in 2016

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Báo Dân Trí English 3 week(s) ago

The total assets of the Vietnamese banking industry reached VND8.5 quadrillion (USD360 billion) by the end of 2016, according to statistics provided by the State Bank of Vietnam (SBV).

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Vietnam bank tycoon Tram Be, son leave Sacombank

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

Tram Be, one of Vietnam’s most well-known banking moguls, and his son Tram Khai Hoa have officially had their membership of the board of directors at Sacombank terminated, the State Bank of Vietnam said Friday.

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Agribank customer lost USD4,400 in ATM theft

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Báo Dân Trí English 4 month(s) ago

A Vietnam Bank for Agriculture and Rural Development (Agribank) customer in HCM City has USD4,400 stolen from his ATM account overnight.

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70% of adults to have bank accounts by 2020

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Báo Dân Trí English 5 month(s) ago

About 70 per cent of Vietnamese adults are to have bank accounts by 2020, a State Bank of Vietnam (SBV) conference in Hanoi was told.

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Death sentence upheld for ex bank executive

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SaiGon GP English 5 month(s) ago

The Superior People’s Court in HCMC yesterday rejected appeal and upheld death sentence to former bank official Vu Quoc Hao and his accomplice for embezzlement and deliberately violating State regulations on economic management causing serious consequences.

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Ex-chairman of Vietnam bank gets 30 years in jail over $401mn loss

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Báo Tuổi Trẻ English 7 month(s) ago

Ex-chairman of Vietnam bank gets 30 years in jail over $401mn loss

A court in Ho Chi Minh City on Friday sentenced an ex-chairman of a commercial bank to 30 years behind bars for his main role in the loss of more than VND9 trillion (US$401.79 million) from the state budget.

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Iranian man gets jail time for stealing from Vietnam bank

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Báo Thanh Niên English 7 month(s) ago

Iranian man gets jail time for stealing from Vietnam bank

A Ho Chi Minh City court on Friday sentenced an Iranian man to 13 months in prison for stealing US$1,600 from a bank in the city downtown last year.

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Ministry's fund lends SMEs 29 million USD

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Báo Dân Trí English 7 month(s) ago

Ministry's fund lends SMEs 29 million USD

A Ministry of Planning and Investment fund will finance small- and medium-sized enterprises (SMEs) with a total amount of 660 billion VND (29.3 million USD) this year, an official said.

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Month-long trial begins over $401mn loss by Vietnam bank

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Báo Tuổi Trẻ English 8 month(s) ago

Month-long trial begins over $401mn loss by Vietnam bank

As many as three dozen defendants appeared in a Ho Chi Minh City court on Tuesday for involvement in a high-profile case causing the loss of more than VND9 trillion (US$401.79 million) from the state budget.

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Vietnam may stop guaranteeing SOEs' loans as public debt rises

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Báo Thanh Niên English 9 month(s) ago

Vietnam may stop guaranteeing SOEs' loans as public debt rises

In an attempt to keep public debt in control, the Vietnamese government may stop guaranteeing state-owned enterprises' loans.

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Agribank exec arrested for $11.6 mln illegal lending scheme

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Báo Thanh Niên English 9 month(s) ago

Agribank exec arrested for $11.6 mln illegal lending scheme

An executive of state-run lender Agribank in the southern city of Can Tho has been arrested for an investigation alleged lending violations, police said Thursday.

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Phuong Trang Corp accuses Vietnam bank of disclosing misleading debt information

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Báo Tuổi Trẻ English 10 month(s) ago

Phuong Trang Corp accuses Vietnam bank of disclosing misleading debt information

A popular passenger bus operator in Ho Chi Minh City, whose massive bad debts were disclosed by a local bank earlier this week, fired back on Thursday, saying the lender has used misleading information to damage its reputation.

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Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

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Báo Tuổi Trẻ English 10 month(s) ago

Vietnam bank discloses Futa Bus Lines’ $134mn bad debt

A Vietnamese bank has revealed that a popular Ho Chi Minh City bus line is among its major bad debtors, with disputes over the company’s financial obligations only solved following legal proceedings.

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Bangladesh, Vietnam bank hacks put global lenders on edge

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Báo Thanh Niên English 11 month(s) ago

Bank hacks in Vietnam and Bangladesh have sparked concerns within global banks, some of which are privately pressing the Swift interbank network to shore up security at its 11,000 members.

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Failed hack via SWIFT on Vietnam bank tried to send funds to Slovenia: central bank

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Báo Tuổi Trẻ English 11 month(s) ago

Failed hack via SWIFT on Vietnam bank tried to send funds to Slovenia: central bank

Vietnam's central bank said on Tuesday a failed hacking attempt on Tien Phong Bank (TPBank) using the SWIFT messaging system sought to fraudulently transfer 1.2 million euros ($1.36 million) to a Slovenian bank late last year in one transaction.

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