Vietnamplus

Vietnam’s benchmark VN-Index on the HCM Stock Exchange recovered on September 28, but slowed at the end of the session as investors increased selling to make profits.

Vietnamese shares were mixed on September 25 with low trading liquidity as investors remained unsure of the stock market’s prospects.

Executives from startups and small and medium-sized enterprises participated in a conference titled “Access to capital for startups” in HCM City on September 21.

Former Deputy Governor of the State Bank of Vietnam Dang Thanh Binh has been prosecuted in relation to an economic crime worth 666 million USD at the Vietnam Construction Joint Stock Commercial Bank.

Bank stocks strengthened during August 18’s afternoon trade which rescued the VN-Index from another fall as investor sentiment remained fragile.

Shares slowed growth in August 3 afternoon trade on rising investor caution when the benchmark VN-Index touched short-term resistance.

Shares recorded unexpected downturn on August 2 afternoon following concerns over the detainment of two ex-bankers.

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on August 1 delivered a press release on criminal proceedings against its former executives Tram Be and Phan Huy Khang.

The Police Department for Investigation of Economic and Corruption-related Crimes on August 1 launched criminal proceedings against and took into custody Tram Be and Phan Huy Khang, former executives of the Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank).

Sacombank aims to tackle 20 trillion VND (880 million USD) of bad debts in 2017, with the bank taking drastic measures to implement a restructuring scheme, said its chairman Duong Cong Minh.

Commercial banks have performed well in the first half of 2017 (H1), and business results show that many have already met more than half their annual profit targets.

Police have concluded that ex-banker Pham Cong Danh caused additional losses of more than 6 trillion VND in the second stage investigation into his case.

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s annual shareholder meeting on June 30 officially appointed Duong Cong Minh as the new chairman for tenure 2017 – 2021.

The benchmark VN-Index overcame the threshold of 750 points on June 6, boosted by strong growth of the banking sector.

Vietnam’s key VN Index inched up on May 11 as investors sought short-term profits in recently-gaining stocks.

Shares advanced during the first session on May 3 after the National Reunification and International Labour holidays as investors remained positive about the market outlook.

Many commercial banks posted positive business performance for the first quarter of the year with high profits.

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) will sell its 165 million shares at the Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) in a proper time.

The Lao branch of Ho Chi Minh City-based Saigon Thuong Tin Commercial Joint Stock Bank (or Sacombank Laos) inaugurated a branch in Dao Heuang market in the Lao province of Champasak, on June 10

The Sacombank on May 4 signed a memorandum of understanding with three banks under the Japanese Resona Holdings Inc on developing their customer networks.