Mandatory transfers announced for CB, OceanBank

Friday, Oct 18, 2024

On Thursday, the State bank revealed that the Vietnam Construction Bank (CB) will be absorbed by the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), while the OceanBank will merge with the Military Commercial Bank (MB).

Court upholds sentence against Dinh La Thang in OceanBank case

Wednesday, Jun 27, 2018

The Superior People’s Court, an appellate jurisdiction in Ha Noi, on June 26 maintained the charges and upheld the sentences against Dinh La Thang and five of his accomplices in the case involving the State-owned oil group PetroVietnam (PVN)’s contribution...

PetroVietnam head faces prison

Friday, Mar 23, 2018

A prison term from 18 to 19 years has been proposed for Dinh La Thang, former chairman of the Vietnam National Oil and Gas Group (PetroVietnam), who was accused of wrongdoings in the group’s investment of VND800 billion (over US$35...

Banks announce upcoming divestment plans

Friday, Nov 17, 2017

Several banks announced they would auction the shares they are holding in companies, in the last two months of the year, on the Ha Noi Stock Exchange (HNX).

SBV official clarifies MA concerns in banking sector

Friday, Jul 21, 2017

Viet Nam will have one more wholly foreign-owned bank if the merger and acquisition (M&A) deal on OceanBank is finalised, a State Bank of Viet Nam (SBV) official said on Thursday.

Oceanbank scandal court case starts

Tuesday, Feb 28, 2017

The Ha Noi People’s Court on Monday opened legal proceedings in one of the biggest economic crime cases in Viet Nam at Ocean Bank, which involves 48 former leaders and employees of the bank.

Oceanbank writes off $89m of bad debts

Friday, Nov 13, 2015

The Ocean Commercial Joint Stock Bank, known more commonly as Oceanbank, has written off VND 2 trillion (US$89.1 million) of bad debts since it was officially acquired by the State Bank of Viet Nam (SBV) with for zero dong in May this year.

SBV reduces control of 3 banks

Thursday, Oct 08, 2015

The State Bank of Viet Nam is reducing special control on three banks that it acquired with zero dong thanks to the banks'' improving liquidity and business performance.

PM removes PetroVietnam chairman

Monday, Jul 20, 2015

Prime Minister Nguyen Tan Dung has decided to remove Nguyen Xuan Son from the post of the Chairman of the Viet Nam Oil and Gas Group (PetroVietnam).

Interest on bank deposits starts to rise

Monday, Jun 29, 2015

After a long time banks have increased deposit interest rates, which have gone up by 0.1-0.5 per cent.

SBV to take over OceanBank

Monday, Apr 27, 2015

The State Bank of Viet Nam announced the takeover of OceanBank on April 25.

Oceanbank gets new chairwoman of board of directors

Tuesday, Dec 30, 2014

Ocean Commercial Joint Stock Bank (OceanBank) appointed independent member Dao Thi Thuy from the bank''s board of directors as its new chairwoman of the board.

OceanBank to install POS system in Mai Linh taxis

Tuesday, Sep 09, 2014

Ocean Commercial Joint Stock Bank (OceanBank) and the Mai Linh Taxi Group signed a co-operation contract under which OceanBank will install its POS system, which accepts international cards and domestic debit cards, on the group''s taxis.

OceanBank to grant preferential interest rate to exporters

Tuesday, Aug 19, 2014

OceanBank will be implementing a programme offering a preferential interest rate of 2.8 per cent per year to export enterprises that borrow in US dollars from now till year-end.

Son takes over as PetroVietnam chairman

Thursday, Jul 10, 2014

The Prime Minister has signed an order appointing Nguyen Xuan Son as the chairman of the PetroVietnam (PVN) board of directors.