Tags: acb

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.