Average lending interest rate in November reduced 0.28% to 9.3% per year, the highest slide for the past nine months.
(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).
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.
A number of banks have slightly adjusted up savings rates and launched promotional programs to attract more depositors.
(VOV) - The Asia Commercial Bank (ACB) on October 15 was recognized as 'Best Customer Service Provider for 2015' by the Global Financial Market Review (GFM) in Ho Chi Minh City.
Moody's has upgraded the ratings of two Vietnamese banks, citing their improvements in the standalone credit profile.
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.
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.
Greek Prime Minister Alexis Tsipras tried to rally his Syriza party on July 21 before a vote in parliament on the second package of measures demanded by international creditors to open talks on a new bailout deal.
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.
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.
Fitch Ratings this week affirmed the ratings for four major Vietnamese banks.
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.
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.
The Hanoi People’s Court on June 9 sentenced Nguyen Duc Kien, former vice chairman of the founding council of the Asia Commercial Bank (ACB), to 30 years’ imprisonment.
(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.
The Hanoi People’s Procuracy on May 27 proposed imposing a 30-year jail charge on one of Vietnam’s top banking tycoons, Nguyen Duc Kien, for his role in a multi-million dollar scandal uncovered last year.
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.
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.
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.