The state-owned utility company has been divesting from non-core business sectors under the government's order
Foreign lenders have established 47 branches and 53 representative offices in the country
The man confesses he spent the money on gambling and was unable to return.
Sacked general director says customers withdrew $689 million between August 14 and 18 after the bank came under the scanner
It is expected to open this year end with the registered capital of US$75 million
Executives blamed for violations and bank's downfall sacked and replaced for BIDV managers
Vietnam does not allow foreigners to own more than 30 percent of a bank, but DongA is campaigning for an...
Southernbank was struggling to reduce bad debts, which reached 5.9 percent of total loans last year
The bank expected the share sales to help raise its capital to nearly $271 million
The company director managed to flee to the US after he and his accomplices pocketed over $22 million, and an...
State Bank of Vietnam tells government not to force banks to lend but instead use bond, international aids, and tax...
The arrest came two days after he was sacked as chairman of the oil behemoth
Police also took into custody two executives of Global Petro Bank in a separate case
New rule shows the central bank has become much more determined to solve the toxic debt problem
It will become the seventh wholly foreign-owned bank in the country.