Banks hope to lure foreign investors Business

Banks hope to lure foreign investors

Despite the current increasing foreign investment inflows, merged and acquired banks will consider selling stakes to foreign investors after completing the restructuring to up the attractiveness of sales, bank officials said.
Sacombank vows to finish settling bad debts in five years Business

Sacombank vows to finish settling bad debts in five years

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has pledged to finish settling all of the 100 trillion VND (4.38 billion USD) of its bad debts in five years, instead of 10 years as stated in the restructuring plan approved by the State Bank of Vietnam.
Court requests further investigation into Construction Bank case Society

Court requests further investigation into Construction Bank case

The Ho Chi Minh City People’s Court on February 7 decided to return the dossier of the case “deliberately violating State regulations on economic management causing severe consequences” at the Vietnam Construction Bank (VNCB, now Construction Bank – CB), and requested further investigation.
Construction bank case: defendants ask for clemency Society

Construction bank case: defendants ask for clemency

Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB, present name CB), said before court that all the money involved in the case of “deliberately violating State regulations on economic management causing severe consequences” in VNCB was used to serve the bank’s operation, not personal purposes.
Indictment against former Construction Bank executive announced Society

Indictment against former Construction Bank executive announced

The Procuracy of Ho Chi Minh City on January 9 announced an indictment against Pham Cong Danh, ex-Chairman of the Vietnam Construction Bank Board of Directors, and his accomplices who were charged with “deliberately violating State regulations on economic management causing severe consequences” at VNCB.
Former Construction Bank officials on second-phase trial Society

Former Construction Bank officials on second-phase trial

The Ho Chi Minh City People’s Court on January 8 began a trial on the case of “deliberately violating State regulations on economic management causing severe consequences” in the Vietnam Construction Bank (VNCB-present name CB).
Uber sues HCM City Tax Department Business

Uber sues HCM City Tax Department

The Netherlands-based ride-hailing firm Uber International Services Holding B.V has filed a lawsuit against the Ho Chi Minh City Tax Department after it decided to forcibly collect tax, Nguoi Lao Dong (Labourer) newspaper reported.
VN-Index up for eighth day in a row Business

VN-Index up for eighth day in a row

Vietnam’s benchmark VN-Index extended its rally on November 29 for the eighth consecutive session as investor confidence was lifted by expectations of the Government selling its stakes in listed companies.
Sacombank may delist from HOSE Business

Sacombank may delist from HOSE

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on October 10 announced it is considering delisting from the HCM Stock Exchange (HOSE) and changing its trading code.
VN-Index edges up at the last minute Business

VN-Index edges up at the last minute

Shares rose slightly for a second day on the HCM Stock Exchange this week but the rally was recorded in the last trading minutes thanks to recovery of some large-cap stocks.