Vietnamese banks are seeking to raise capital in international bond markets as they face growing pressure to hike capital to satisfy the central bank's regulations on minimum capital requirements and Basel II standards by early next year.
Deputy Prime Minister Vuong Dinh Hue unveiled advantages in investing in Vietnam during a meeting in Seoul, the Republic of Korea (RoK) with local securities investors at the headquarters of the Korea Financial Investment Association (KOFIA) on June 20.
Capital adequacy ratio of the banking system is not reliable when some commercial banks invest in mutual bonds, making "virtual improvement" of this coefficient.
The State Bank has completed and submitted to the Prime Minister the plan on transferring and restructuring Ocean Bank after previous transfer to foreign investors.
The State Bank of Vietnam (SBV) is planning to change its policy on reserve requirement ratios for credit institutions and foreign banks’ branches for the first time since 2011.
The Ministry of Public Security announced on December 10 that its Investigation Police Agency has started legal proceedings against the temporarily detained former General Director Truong Van Tuyen and Deputy General Director Pham Thanh Son of the Vietnam Shipbuilding Industry Corporation (Vinashin).
The total assets held by Vietnam’s credit institutions reached more than 10.3 quadrillion VND (447.8 billion USD) by the end of May, an increase of 3.27 percent over the beginning of this year, the latest report from the State Bank of Vietnam (SBV) showed.
The Hanoi People’s Court on March 19 opened a trial for Dinh La Thang, former Chairman of the Member Council of the Vietnam National Oil and Gas Group (PetroVietnam), and six accomplices for their wrongdoings in investing PetroVietnam’s capital in Ocean Bank.
Former Chairman of the Board of Directors and Member Council of the Vietnam National Oil and Gas Group (PetroVietnam) Dinh La Thang and six accomplices will be tried in Hanoi on March 19
Total assets of Vietnam’s banking system reached more than 9.25 quadrillion VND (407.5 billion USD) by the end of August, an increase of 8.79 percent over the beginning of this year.
The People’s Court of Hanoi on September 29 sentenced Nguyen Xuan Son, former Director General of Ocean Bank, to death and Ha Van Tham, former Chairman of the Board of Directors of the bank, to life imprisonment for wrongdoings in State management, property appropriation, credit operation, and power abuse.
The People’s Procuracy of Hanoi on September 14 proposed the capital sentence for Nguyen Xuan Son, former Director General of Ocean Bank, and life in prison for Ha Van Tham, former Chairman of the Board of Directors of the bank, for their wrongdoings.
The Investigation Police Agency issued a decision launching criminal proceedings against the suspected deliberately violation of State regulations causing serious consequences at the PetroVietnam.
The first-instance hearing for Ha Van Tham, former Chairman of the Board of Directors of Ocean Bank, and his accomplices will be reopened on August 28, according to the Hanoi People’s Court.
Along with owners of State invested firms, the Ministry of Finance (MoF) will also participate in decision-making on dividend payout at firms to better manage State assets.
The Hanoi People’s Court on March 8 sent the OceanBank case back to the nation’s main prosecuting agency, the People’s Supreme Procuracy, for further investigation and reframing of charges.
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.
The State Bank of Vietnam (SBV) expects to submit to Prime Minister Nguyen Xuan Phuc a project to restructure credit institutions between 2016 and 2020 in Q3 of 2016.
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