Businesses in southern Dong Nai province have called for reducing bank interest rates and restructuring debt repayment to enable them to resume operations now that the COVID-19 pandemic is basically under control.
The Ho Chi Minh City People’s Court upheld a 17-year jail sentence for Phan Van Anh Vu, Chairman of the Board of Directors of the Bac Nam 79 Construction Company, on the charge of “abusing position and power while performing duties” during an appeal court on June 7.
The Ho Chi Minh City People’s Court on April 22 postponed an appeal trial that had been proposed by the HCM City People’s Procuracy to ensure the legitimate rights and interests of defendants and others connected to a case involving losses incurred by Dong A Bank (DAB).
The Investigation Police Agency under the Ministry of Public Security said on December 27 that it has started criminal proceedings against 10 defendants, including former General Director of the Dong A Bank (DAB) Tran Phuong Binh and former DAB Deputy General Director Nguyen Thi Ngoc Van.
Former Director General of the Dong A Bank Tran Phuong Binh was sentenced to life in prison by the Ho Chi Minh City People’s Court on December 20 in the trial of 26 defendants who were involved in the loss of over 3.6 trillion VND (153.47 million USD) at the bank.
General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong has asked the Central Steering Committee for Anti-Corruption to instruct competent agencies to double efforts to ensure progress of investigation, prosecution and judgment of cases.
The Investigation Police Department under the Ministry of Public Security on April 18 issued a decision to prosecute Phan Van Anh Vu, former chairman of the board of Bac Nam 79 Construction Joint Stock Company, for abusing position and power to misappropriate 200 billion VND (8.7 million USD) from the Dong A Bank (DAB).
A gap has opened up between deposit interest rates offered by different categories of banks due to differences in their liquidity, cash demand and status.
The economic and anti-corruption police force said it has issued decisions on the arrest and prosecution of Nguyen Thi Kim Xuyen, former Deputy Director General of Dong A Bank.
Dong A Bank has delivered a steady performance under the State Bank of Vietnam's special supervision, since August, recovering nearly 4.2 trillion VND (185 million USD) of its non-performing loans.
The Ministry of Public Security’s police investigation agency has decided to prosecute two former top officials of the HCM City-based Dong A Bank (DongA Bank), it officially announced on December 12.
Rumor circulated on social networks on recent day about the State Bank of Vietnam going to make banknote change is fabricated and ill-intended, state the State Bank of Vietnam on December 1.
The State Bank of Vietnam (SBV) has widened the trading band of Vietnamese dong/ US dollar (VND/USD) from +/- 1 percent to +/-2 percent, applicable from August 12 onwards.
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