Ex-chairman of Vietnam’s OceanBank faces prosecution for role in risky loan

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Báo Tuổi Trẻ English 3 month(s) ago

The investigative branch of the Vietnamese police ministry suggested an indictment be issued for OceanBank ex-chairman Ha Van Tham for his role in issuing the illegally-granted massive loan the credit institution now risks losing.

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VN will record 20% credit growth: SBV official

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Báo Đầu Tư English 3 month(s) ago

The Deputy Governor of the State Bank of Viet Nam (SBV), Nguyen Thi Hong, told members of the European Chamber of Commerce in Viet Nam (EuroCham) on Monday in Ha Noi that she is optimistic her institution will achieve its yearly goals.

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Agribank receives service excellence award

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Báo điện tử CP English 4 month(s) ago

VGP - The Viet Nam Bank for Agriculture and Rural Development (Agribank) has been awarded the 2015 Operational Excellence from Wells Fargo, the third-largest wholesale bank in the US, for improving its payment services.

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More foreign ownership in banks?

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Báo Đầu Tư English 4 month(s) ago

Prime Minister Nguyen Xuan Phuc said Viet Nam might allow foreign investors to hold a stake exceeding the current cap of 30 per cent in domestic banks.

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Plan to certify organic quality

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VietStock FI English 4 month(s) ago

Plan to certify organic quality

GIZ Cambodia, a branch of Germany’s international development agency, signed an agreement yesterday with local organic food retailer Khmer Organic Cooperative to provide technical support to develop organic vegetable production and to assist the firm in obtaining certification for its products.

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SBV encourages M&As to restructure banks

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Báo Đầu Tư English 4 month(s) ago

SBV encourages M&As to restructure banks

The State Bank of Việt Nam (SBV) will continue to encourage the practice of mergers and acquisitions (M&A) as a solution to dealing with ailing credit institutions.

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Thai bank’s $140M offer to buy Cambodian MFI on hold

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VietStock FI English 4 month(s) ago

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal.

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Japan provides 11 billion JPY loan for Vietnam

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Báo Dân Trí English 4 month(s) ago

Japan provides 11 billion JPY loan for Vietnam

The Japanese Government will provide the Vietnamese Government with an 11 billion JPY loan in the 2016 fiscal year to help improve socio-economic infrastructure and the competitiveness of the national economy.

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Government convenes monthly meeting for August

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Báo điện tử CP English 5 month(s) ago 3 related news

Government convenes monthly meeting for August

VGP – The government convened its monthly meeting for August on Tuesday, to evaluate the implementation of actions over past months.

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US to provide $125M for Acleda financing

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VietStock FI English 5 month(s) ago

The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium- enterprises (SMEs), Acleda Bank said in a press release yesterday.

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Woori ruled out of Prasac bid

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VietStock FI English 5 month(s) ago

Woori ruled out of Prasac bid

South Korean financial giant Woori Bank, widely seen as the preferred bidder for a 50 per cent stake in Cambodian microlender Prasac, is out of the running as it was not presented to the central bank as an official bidder, local banking officials have said.

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Business disputants file case for arbitration

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VietStock FI English 5 month(s) ago

The National Commercial Arbitration Centre (NCAC) received its latest case last week, marking just the third time that a commercial dispute has been brought to the independent dispute resolution body, its president said yesterday.

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USD3.5bn HCM City university project faces chop

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Báo Dân Trí English 5 month(s) ago

USD3.5bn HCM City university project faces chop

HCM City's authorities are considering cancelling the license for a USD3.5-billion Malaysian project to build an international university township due to its long delay.

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American University debuts in Da Nang

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SaiGon GP English 5 month(s) ago

American University debuts in Da Nang

The American University in Vietnam was launched in the central city of Da Nang on August 6, the first education institution under the US curriculum in the central Vietnam.

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Acleda Bank net profit, assets grow in 1H16

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VietStock FI English 5 month(s) ago

Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement.

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