Tags: acb

Nov loan rate slides to 9.3%

Nov loan rate slides to 9.3%

Average lending interest rate in November reduced 0.28% to 9.3% per year, the highest slide for the past nine months.

AIA Vietnam, ACB sign bancassurance deal

AIA Vietnam, ACB sign bancassurance deal

(VOV) - The Asia Commercial Bank (ACB) and AIA Life Insurance Limited have officially signed a strategic agreement on distributing life insurance products through the bank's network (bancassurance).

Local banks draw foreign interest

Local banks draw foreign interest

Commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market, according to Dau tu (Investment) newspaper.

Savings rates rising

Savings rates rising

A number of banks have slightly adjusted up savings rates and launched promotional programs to attract more depositors.

SBV expects stable forex

SBV expects stable forex

The forex market has begun to stabilize as the central bank has, once again, pledged that it would not devalue the dong any further for the rest of the year.

Banks run out of credit quotas

Banks run out of credit quotas

Many large-sized commercial banks have no scope for credit growth for the last months of the year, as they have used nearly all the quota allowed by the central bank.

ASEAN photo contest zooms in on biodiversity

ASEAN photo contest zooms in on biodiversity

The ASEAN Centre for Biodiversity (ACB) has launched the Biodiversity Photo Contest for all citizens of ASEAN Member States: Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

Firms confident in talent retention

Firms confident in talent retention

While many enterprises have expressed concern that their talented employees will go after the ASEAN Economic Community (AEC) comes into being late this year, firms in certain sectors are optimistic that they will be able to retain their key staff.

Banking tycoon still faces 30-year jail term

High-profile banker Nguyen Duc Kien, former Vice Chairman of the Asia Commercial Bank (ACB) Founding Council still faced a sentence of 30-year imprisonment as declared by the Hanoi Court of Appeals on December 15.

Appellate court reviews former ACB leaders’ verdicts

Appellate court reviews former ACB leaders’ verdicts

The court of appeals of the People’s Supreme Court started reviewing the appeals submitted by Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB), and other ACB former executives, in Hanoi on November 28.

Vietnam, Singapore expand investment cooperation

Vietnam, Singapore expand investment cooperation

(VOV) - In recent years, Singapore has invested in 18 sectors in Vietnam, of which the processing and manufacturing industry tops the list, followed by real estate, arts and entertainment.

Trial of alleged ACB swindler postponed

The Hanoi People’s Court on April 16 afternoon decided to postpone the trial of Nguyen Duc Kien, former Vice Chairman of the founding council of the Asia Commercial Bank (ACB), because one of his alleged eight accomplices was absent due to poor health.

Trial of swindling bank officials kicks off

A swindling trial in which the defendant is accused of appropriating VND3.9 trillion (US$ 188.7 million) from individuals and banks began in Ho Chi Minh City on January 6.

Former bank tycoon faces more charges

Nguyen Duc Kien, former Vice Chair of the founding council of the Asia Commercial Bank (ACB) will face another charge of fraud under Article 139 of the Criminal Code.