Monday, May 27, 2019 - 12:13:16

OceanBank

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.”

Former Director General of PVEP arrested

Society

Former Director General of PVEP arrested

The Investigation Police Agency under the Ministry of Public Security has issued decisions on prosecuting and detaining Do Van Khanh, former Director General of the PetroVietnam Exploration Production Corporation (PVEP).

Court upholds sentence against Dinh La Thang in OceanBank case

Society

Court upholds sentence against Dinh La Thang in OceanBank case

The High-Level People’s Court in Hanoi on June 26 upheld the charges and sentences against Dinh La Thang and five of his accomplices in the case involving the National Oil and Gas Group (PetroVietnam)’s contribution of 800 billion VND to the Ocean Commercial Joint Stock Bank (OceanBank).