HCM City court upholds jail sentence for Phan Van Anh Vu Society

HCM City court upholds jail sentence for Phan Van Anh Vu

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.
Court postpones Dong A Bank appeal due to absence of defendants Society

Court postpones Dong A Bank appeal due to absence of defendants

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).
Former officials of Dong A Bank prosecuted again Society

Former officials of Dong A Bank prosecuted again

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. ​
Party chief urges greater anti-corruption efforts Politics

Party chief urges greater anti-corruption efforts

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.
Phan Van Anh Vu prosecuted for economic loss in Dong A Bank Society

Phan Van Anh Vu prosecuted for economic loss in Dong A Bank

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).
Gap widens in deposit interest rates Business

Gap widens in deposit interest rates

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.
Dong A Bank recoups 185mln USD of bad debts Business

Dong A Bank recoups 185mln USD of bad debts

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.
DongA Bank’s former top officials prosecuted Business

DongA Bank’s former top officials prosecuted

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.
Central bank widens VND/USD trading band Business

Central bank widens VND/USD trading band

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.