Struggling lenders on verge of takeover
June 08, 2022 | 09:00
The merger and acquisition outlook of Vietnamese banks, particularly acquiring faltering credit institutions to reorganise them, is picking up pace.
Vietcombank and MB will take part in reconstructing CBank and Ocean Bank
May 11, 2022 | 18:56
Vietcombank and MB would participate in the reorganisation of two weak banks, Construction Bank (CBank) and Ocean Bank.
Local lenders struggle to match major M&A
March 09, 2022 | 10:07
The local tie-up scene among domestic lenders is paling in comparison with wealthy multinational institutions, as many partnerships have turned sour, particularly with weak bank involvement.
Banks struggle to snap up distressed domestic lenders
September 02, 2021 | 21:30
Financially sound local and foreign banks are turning a deaf ear to acquire distressed and insolvent Vietnamese banks as they find it hard to access better equipment to address a range of adverse outcomes under a widely accepted supervisory regime.
Petrochemical execs get jail terms
January 23, 2019 | 11:40
Four former executives of Binh Son Refining and Petrochemical JSC (BSR) were sentenced to four to eight years in prison each yesterday following a two-day trial on charges of “abusing position and power to appropriate assets.”
Former Vietsovpetro general director and chief accountant prosecuted
January 03, 2019 | 08:00
Former general director Tu Thanh Nghia and former chief accountant Vo Quang Huy of Vietsovpetro are prosecuted by the Supreme People's Procuracy of Vietnam.
Ocean Bank to freeze Ocean Group accounts
January 08, 2015 | 11:24
Police investigation authority has recently requested Ocean Bank to freeze Ocean Group Joint Stock Company (OGC) accounts until receiving official clearance.
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