Society

Former Ocean Bank executives stand trial

The People’s Court of Hanoi on February 27 opened the first instance hearing for former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank) Ha Van Tham and other former executives of the bank for serious violations of State laws.
Former Ocean Bank executives stand trial ảnh 1At the hearing (Photo: VNA)
Hanoi (VNA) – The People’s Court of Hanoi on February 27 opened the firstinstance hearing for former Chairman of the Board of Directors of the OceanCommercial Joint Stock Bank (Ocean Bank) Ha Van Tham and other formerexecutives of the bank for serious violations of State laws.

Thamand his accomplices were charged by the Supreme People’s Procuracy forinfringements of regulations on the lending activities of credit institutions;abusing position and authority while performing duties; and deliberatelyviolating State regulations on economic management causing severe consequences,according to the Penal Code.

Forty-sevenout of the total 48 defendants were present at the hearing, including formerCEOs Nguyen Xuan Son and Nguyen Thi Minh Thu, and former Deputy CEOs Nguyen VanHoan and Le Thi Thu Thuy.

Accordingto the court’s verdict, Oceanbank committed extremely serious violations in lending,mobilising deposits, and paying customers with higher interest rates than theceiling regulated by the central bank, affecting the implementation of State’smonetary policy.

Whileholding the highest position at the bank, Tham directed his subordinates toapprove a loan for former Chairman of the Vietnam Construction Bank’s Board ofDirectors Pham Cong Danh without guaranteeing the lending conditions,collateral and proper purposes, thus causing an economic loss of nearly 350billion VND (15.3 million USD) for the bank.

He had directed the bank’s staff to pay interest rates outside of the mobilising deposit contracts for customers, causing serious economic losses for Oceanbank, the procuracy agency said.

Son was found to coordinate with Tham to charge customers additional fees, triggering a loss of nearly 69 billion VND (3.02 million USD) for the bank and customers. Meanwhile, Thu instructed the bank’s branches to pay interest rates outside the mobilizing deposit contracts, causing a loss of 1.576 trillion VND (69 million USD).
The hearing is scheduled to last 20 days. - VNA 
VNA
#Ha Van Tham #People’s Court #violations #economic loss #Ocean Bank
Follow VietnamPlus

Related News

Former Oceanbank General Director prosecuted

Former Oceanbank General Director prosecuted

The Investigation Police Agency under the Ministry of Public Security on July 21 issued a decision to prosecute and arrest Nguyen Xuan Son, former Oceanbank General Director.
Party’s Commission to focus on tackling major corruption cases

Party’s Commission to focus on tackling major corruption cases

Keeping a close eye on and providing consultancy for investigations and judging of serious economic and corruption cases is among major tasks defined by the Party Central Committee’s Commission for Internal Affairs in 2017 at a conference in Hanoi on January 5.

See more

Vietnamese people take part in activities celebrating the 80th anniversary of Vietnam’s National Day in Kuala Lumpur, Malaysia. (Photo: VNA)

Vietnamese in Malaysia pin high hopes on nation’s new development phase

The 14th National Party Congress’s focus on human resources development, educational reform and international integration has opened up greater opportunities for young people, including Vietnamese students abroad, to contribute their knowledge and experience to the country’s development.

The cast of the high-quality miniseries line at the press conference. (Photo: VNA)

VTV launches new miniseries line to boost cultural industries

According to the Vietnam Television Film Centre (VFC), from 2026 the centre will produce miniseries of 16–20 episodes, focusing on fresh themes, underexplored genres, innovative storytelling, and a more cinematic approach. The initiative was announced at a press briefing in Hanoi on January 22.

Domestic and foreign journalists cover the 14th National Party Congress (Photo: VNA)

Int’l friends show confidence in Vietnam’s steady development in new era

The success of the 14th National Party Congress and the consolidation of high-level leadership not only represent a milestone for Vietnam but also reinforce global confidence in a peaceful, dynamic and forward-looking nation which is steadfast on its chosen path of development, international observers.

Phung Cong commune is known as the “capital” of flowers and ornamental plants in the northern region (Photo: VNA)

Overwhelming Tet atmosphere at flower, ornamental plant villages in Hung Yen

Phung Cong commune, known as the “capital” of flowers and ornamental plants in the northern region, is already bustling with Tet preparations. Trucks line the roads carrying flowers to cities and provinces nationwide, while traders arrive weeks in advance to secure the best plants for the holiday market.

Delegates at the opening ceremony (Photo: VNA)

Vietnam showcases education cooperation at Hong Kong expo

Consul General Le Duc Hanh said participation in the expo contributes to expanding international cooperation in education and training, academic exchanges, the attraction of high-quality human resources, and the acquisition of advanced management experience.

Participants at the handover ceremony of digital education equipment. (Photo: VNA)

Vietnam–Germany advance digital classrooms in vocational education

The “Digital Classroom” model follows five German-standard pillars covering digitalised school management, lecturer capacity building, interactive digital learning resources, modern teaching infrastructure, and stronger links between vocational schools and businesses. The model will be adapted to local vocational education conditions in Ho Chi Minh City.

The Embassy of Vietnam in Slovakia presents gifts to overseas Vietnamese at the event. (Photo: VNA)

“Homeland Spring 2026”connects Vietnamese in Slovakia with homeland

Beyond its cultural significance, the January 18 Homeland Spring 2026” programme in Slovakia served as an important political and community-based activity aimed at consolidating national unity, reinforcing cultural identity, and strengthening the close bonds between overseas Vietnamese and the homeland.

Member of the Party Central Committee and Minister of Justice Nguyen Hai Ninh (L) visits the working area of the Vietnam News Agency at the press centre of the 14th National Party Congress. (Photo: VNA)

Press provides timely, accurate coverage of 14th National Party Congress

After three days of the Congress, the Vietnam News Agency has produced and supplied more than 200 Vietnamese-language articles, over 1,500 photographs, nearly 400 reports in five foreign languages, 60 videos and dozens of infographics. These products have been widely disseminated across media outlets and digital platforms.

Border guards in Gia Lai inspect the installation of vessel monitoring system on a fishing vessel. (Photo: VNA)

Gia Lai steps up communication on new IUU fishing regulations

Identifying communications as a fundamental and long-term measure to raise fishermen’s awareness and ensure compliance with the law, the Gia Lai management board of fisheries ports has stepped up disseminating the new decree on administrative penalties in the fisheries sector.

Delegates watch the live broadcast opening session of the 14th National Congress of the Communist Party of Vietnam on January 20. (Photo: VNA)

14th National Party Congress: Renewed momentum for OVs to contribute to homeland

Participants attentively followed the proceedings of the opening session, expressing their excitement and pride in the image of a renewed and dynamic Vietnam and the country’s comprehensive and significant achievements during the past term. They also voiced strong expectations for breakthrough decisions from the 14th Congress aiming to guide Vietnam into the new era of national rise.