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.
Jail term of 4-5 years proposed for former SBV deputy governor Society

Jail term of 4-5 years proposed for former SBV deputy governor

The Ho Chi Minh City People’s Procuracy on June 27 proposed an imprisonment sentence of 4-5 years to Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV) for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
SBV prepares bad debt settlement plan Business

SBV prepares bad debt settlement plan

The central bank on July 21 held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
"Special" law to boost bank restructuring Business

"Special" law to boost bank restructuring

The State Bank of Vietnam (SBV) will co-operate with relevant agencies to map out a "special" law to boost bank restructuring and settle bad debts in 2017, according to SBV Governor Le Minh Hung.