Deputy PM updates RoK investors on Vietnam’s policies Business

Deputy PM updates RoK investors on Vietnam’s policies

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.
Vinashin’s former General Director detained Society

Vinashin’s former General Director detained

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).
Credit institution assets reach nearly 448 billion USD Business

Credit institution assets reach nearly 448 billion USD

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.
Banking assets exceed 407 billion USD Business

Banking assets exceed 407 billion USD

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.
Death sentence to former Ocean Bank Director General Nguyen Xuan Son Society

Death sentence to former Ocean Bank Director General Nguyen Xuan Son

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.
Former Ocean Bank executives stand trial 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.