The Mekong Development Bank's shareholders' meeting on April 15 adopted a plan for it to merge with a credit institution.

The Ha Noi People's Court yesterday 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.

Companies with transparent finances, profitability and potential projects may avail of dong loans at 6 – 7 per cent interest, the State Bank of Viet Nam's (SBV's) weekly revealed on Monday.

The Kien Long Bank's shareholder meeting in the southern Kien Giang Province on Tuesday decided that this year's dividend rate would be between 9 and 10 per cent.

Viet Nam International Bank expects to quadruple its last year's pre-tax profits to achieve VND323 billion (US$15.38 million) this year, according to bank reports.

Vietinbank, the second-largest bank by assets, would like Viet Nam National Shipping Lines (Vinalines) to name it as a strategic investor at member ports after the initial public offerings (IPO).

The Sai Gon–Ha Noi Bank plans to raise its equity by nearly 25 per cent to VND11.08 trillion, or $527.62 million, this year.

Asia Commercial Bank (ACB) plans to make about VND1.2 trillion, or US$57.15 million, in pre-tax profits this year, up 15 per cent over last year.

OceanBank will lend VND1 trillion to construction enterprises at 8.5 per cent annual interest rate or 2 to 3 per cent lower than the normal interest rate.

PGBank, a small in-house bank of Petrolimex, may sell 99 per cent of its stake to the second-largest bank by assets, Vietinbank, as part of its restructuring process.