Vietcombank to cut stake in Eximbank Business

Vietcombank to cut stake in Eximbank

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has offered to sell 45.6 million shares it is holding in the Vietnam Export-Import Joint Stock Commercial Bank (Eximbank).
Court upholds sentences for former Vietinbank officials Society

Court upholds sentences for former Vietinbank officials

The High-level People’s Court in Ho Chi Minh City has upheld charges and sentences for former officials of Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) ruled at the first instance trial for their wrongdoings at the bank.
Court reviews swindling case of ex-Vietinbank official Society

Court reviews swindling case of ex-Vietinbank official

The High-level People’s Court in Ho Chi Minh City on May 28 opened a trial to review the case in which Huynh Thi Huyen Nhu, an ex-official of Vietinbank, and her accomplice were charged with swindling to appropriate 1.085 trillion VND (43.8 million USD) of five companies.
Life sentence given to swindling ex-Vietinbank official Society

Life sentence given to swindling ex-Vietinbank official

The Supreme People’s Court on February 10 sentenced Huynh Thi Huyen Nhu, former deputy chief of the Risk Management Department of the HCM City branch of VietinBank, for “swindling to appropriate assets” to life imprisonment.
Vietcombank divests from two firms Business

Vietcombank divests from two firms

Vietcombank on November 20 was estimated to receive 15.2 million USD from selling its entire stakes in SaigonBank and Vietnam Cement Finance Company (CFC).
M&A information to be released Business

M&A information to be released

Information related to mergers and acquisitions (M&As) of credit institutions is awaited as the season of annual shareholders’ meetings is around the corner.
Brokerage firms face suspension Business

Brokerage firms face suspension

More than 30 brokerage firms, about 30 percent of all brokerage firms, will be suspended if they record combined losses equal to half of the capital.
Vietcombank still hunts for merger Business

Vietcombank still hunts for merger

Foreign trade lender Vietcombank continues looking for a merger partner, according to a statement by bank Chairman Nghiem Xuan Thanh, speaking during an April 24 shareholders meeting.