A proper mechanism is needed to attract investors to infrastructure projects implemented following the public-private partnership (PPP) model, experts have said.

Two former Deputy General Directors of the Bank for Investment and Development of Vietnam (BIDV) were sentenced to a total of 14 years and six months behind bars after being found guilty of violating regulations on banking operations and related activities.

Procurators on October 28 proposed prison sentences ranging from three to 19 years for 12 defendants involved in violations at the Bank for Investment and Development of Vietnam (BIDV).

The Hanoi People’s Court on October 26 opened the first-instance hearing for 12 defendants, including eight leaders and employees of the Bank for Investment and Development of Vietnam (BIDV), who were accused of allegedly causing losses of nearly VND1.7 trillion for the bank.

The Bank for Development and Investment of Vietnam (BIDV) and the KBIZ Vietnam Federation of Korea SMES (KBIZ-VN) signed a comprehensive cooperation agreement on September 17 in Hanoi.

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1% compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.