Sacombank’s profit up 89.5 percent year-on-year Business

Sacombank’s profit up 89.5 percent year-on-year

The Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank)’s pre-tax profit hit 2.491 trillion VND (102.21 million USD) in the first nine months of this year, a year-on-year rise of 89.5 percent, the bank reported.
Banks, insurers boost bancassurance to get returns Business

Banks, insurers boost bancassurance to get returns

Banks and insurance companies are ramping up cooperation in selling life insurance products (bancassurance) to cash in on the high growth segment as some have posted annual triple-digit growth rates in the business.
Cashew businesses lack capital, materials Videos

Cashew businesses lack capital, materials

In the first half of this year, 600-700 small cashew processing factories have closed due to a lack of raw materials and capital for production, causing a headache for the sector to achieve the export
Trial on Construction Bank case resumed Society

Trial on Construction Bank case resumed

The Ho Chi Minh City People’s Court on July 24 resumed the trial on the case of “deliberately violating State regulations on economic management, causing severe consequences” at the Vietnam Construction Bank (VNCB, now Construction Bank).
Large-caps strongly support VN-Index Business

Large-caps strongly support VN-Index

Vietnamese shares rallied on February 26 but the uptrend weakened towards the closing minutes due to selling pressure in a number of blue-chips, especially during the ATC session.
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 executives of Sacombank kept in custody for investigation Society

Former executives of Sacombank kept in custody for investigation

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 ties with Japanese banks Business

Sacombank ties with Japanese banks

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