20-year prison term proposed for ex-Chairman of VNCB Society

20-year prison term proposed for ex-Chairman of VNCB

A 20-year prison term has been proposed for Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), for his involvement in the case of “deliberately violating State regulations on economic management, causing severe consequences” at VNCB.
SBV to tighten rules for commercial banks Business

SBV to tighten rules for commercial banks

The State Bank of Vietnam (SBV) has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.
Law on credit institutions takes effect Business

Law on credit institutions takes effect

Many businesspeople, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.