More former bank officials put under investigation Society

More former bank officials put under investigation

Criminal proceedings have been launched against more former officials of the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) with the charge of “violating regulations on banking activities, other activities relating to banking activities”, the Ministry of Public Security said on January 10.
Korea firm to buy VietinBank Insurance stake Business

Korea firm to buy VietinBank Insurance stake

Hyundai Marine & Fire Insurance Co Ltd (HMFI), the Republic of Korea’s No 2 non-life insurer, has signed a stock purchase agreement to buy a 25 percent stake in Vietnamese non-life insurer VietinBank Insurance Joint Stock Corp (VBI).
ADB loans 300 million USD to BIDV to support Vietnamese SMEs Business

ADB loans 300 million USD to BIDV to support Vietnamese SMEs

The Asian Development Bank (ADB) and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) on December 12 signed a 300-million-USD loan agreement to support the growth and productivity of small- and medium-sized enterprises (SMEs) in Vietnam.
VientinBank Laos launches branch in Vientiane Business

VientinBank Laos launches branch in Vientiane

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) opened a new branch in the Lao capital of Vientiane on November 28, the second Lao branch the bank has opened since 2015.
HDBank wins top US award for annual report Business

HDBank wins top US award for annual report

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has won the Platinum Award, the highest recognition, at the 2017 Vision Awards Annual Report Competition organised by the League of American Communications Professionals.
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).
Former State Bank deputy governor tried for irresponsibility Society

Former State Bank deputy governor tried for irresponsibility

The People’s Court of Ho Chi Minh City opened the first instance trial on June 25 for former deputy governor of the State Bank of Vietnam (SBV) Dang Thanh Binh on the charge of lack of responsibility causing serious consequences at the Vietnam Construction Joint Stock Commercial Bank (VNCB).
Vietcombank seeks bancassurance partnership Business

Vietcombank seeks bancassurance partnership

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), coded VCB on the Ho Chi Minh Stock Exchange, plans to invite bids from insurers for exclusive rights to distribute life insurance products through its network.