Former bank head faces life imprisonment Society

Former bank head faces life imprisonment

The Hanoi People’s Court on April 28 sentenced former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (OceanBank) Ha Van Tham to 10 years in prison for “breaching accounting regulations and causing serious consequences”.
More prison time proposed for ex-Chairman of OceanBank Society

More prison time proposed for ex-Chairman of OceanBank

A prison term of 10 to 12 years was proposed on April 28 for Ha Van Tham, former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (OceanBank), for “breaching accounting regulations causing serious consequences”.
Ex-officials of PVOil put into temporary detention Society

Ex-officials of PVOil put into temporary detention

The Ministry of Public Security has officially launched an investigation into the alleged abuse of position and power to appropriate assets at the State-run PetroVietnam Oil Corporation (PVOil) and OceanBank, along with two former PVOil officials.
Ex-leader of Vinashin faces stricter punishment Society

Ex-leader of Vinashin faces stricter punishment

The High-level People’s Court in Hanoi on October 14 increased the penalty imposed on one of the four defendants charged with “abusing position and power to appropriate assets” at the State-run Vietnam Shipbuilding Industry Group (Vinashin).
Hanoi court starts hearing appeal in Vinashin case Society

Hanoi court starts hearing appeal in Vinashin case

The High-level People’s Court in Hanoi on October 10 started hearing appeals of defendants in the case related to “abusing position and power to appropriate assets” at the State-run Vietnam Shipbuilding Industry Group (Vinashin).
Vinashin’s former chairman sentenced to 13 years in prison Society

Vinashin’s former chairman sentenced to 13 years in prison

Former Chairman of the Council of Members of the State-run Vietnam Shipbuilding Industry Group (Vinashin) Nguyen Ngoc Su was sentenced to 13 years in prison for the charge of “abusing position and power to appropriate assets” at a first-instance trial in Hanoi on June 12.
Foreign investors set sights on poorly-performing banks Business

Foreign investors set sights on poorly-performing banks

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.
Trial of ex-leaders of Vietsovpetro begins Society

Trial of ex-leaders of Vietsovpetro begins

The Hanoi People’s Court opened a trial on March 21 for two ex-leaders of the Vietnam-Russia oil and gas joint venture Vietsovpetro on the charge of “abusing position and power to appropriate assets.”