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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.

Banking industry on an even keel

Banking industry on an even keel

The domestic monetary market has become rather stable after several CEOs of local banks and a financial tycoon were arrested due to alleged illegal activities.

S&P highlights Vietnam’s economic improvements

S&P highlights Vietnam’s economic improvements

Standard & Poor's Ratings Services announced on August 29 that the resultant liquidity pressure was limited to the Asia Commercial Bank (ACB) after a recent arrest of one of its founders.

Another bank executive arrested

Another bank executive arrested

Ly Xuan Hai, former General Director of the Asia Commercial Joint Stock Bank (ACB), has been detained for intentionally violating State regulations on economic management, causing serious consequences.

Vietnam's ACB and Sacombank: outlook stable

Vietnam's ACB and Sacombank: outlook stable

Fitch Ratings has affirmed that Vietnam-based Asia Commercial Bank (ACB) and Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) both received 'B' ratings with a stable outlook in addition to ‘b’ Viability Ratings (VRs).

Gold prices fall sharply

Gold prices fall sharply

Domestic gold prices have dropped remarkably for three successive days, hovering around VND43.5 million at 8.30 am on December 14.

ACB receives Citigroup award

ACB receives Citigroup award

The Asia Commercial Bank has been presented with “The 2009 Citi Performance Excellence Award” by the Citigroup.