mogul kien pleads innocent

Mogul Kien pleads innocent

Former vice chair of ACB Bank, Nguyen Duc Kien, denied the charges against him by the Supreme People's Procuracy and demanded to confront several people related to the case.
acb swindler kien faces life in prison

ACB swindler Kien faces life in prison

The Supreme People’s Procuracy has laid charges against nine executives from Asia Commercial Bank for their alleged involvement in an enormous financial scandal.
local banks plan to sell bad debt to asset management firm

Local banks plan to sell bad debt to asset management firm

The Nam Viet Commercial Joint Stock Bank (Navibank) and Asia Commercial Bank (ACB) have lodged plans to sell non-performing loans to the Viet Nam Asset Management Company (VAMC).
more banks cut deposit rates

More banks cut deposit rates

A series of commercial banks like MB, Techcombank, ACB, Sacombank, VIB lowered deposit rates for some terms.
foreign investors stick with acb after controversy

Foreign investors stick with ACB after controversy

Foreign shareholders at Asia Commercial Bank will continue to team up with the Vietnamese lender despite the scandalous arrests of some executives in August 2012 that prompted changes in the bank’s board of directors.
standard chartered muscles up support for acb

Standard Chartered muscles up support for ACB

Standard Chartered Bank said it would continue to support Vietnam’s Asia Commercial Bank (ACB) in recovering from recent turmoil and further developing its business.
acb pulls back from holdings

ACB pulls back from holdings

Under fire Asia Commercial Bank is to make a bold withdrawal of its holdings in other banks to narrow the focus of its business.
acb has new board chairman

ACB has new board chairman

Tran Hung Huy has just been named board chairman of Asia Commercial Bank (ACB) to replace Tran Xuan Gia, who together with two other board members Trinh Kim Quang and Le Vu Ky officially resigned during the bank’s meeting on Tuesday.
chairman 2 deputies suddenly resign from acb

Chairman, 2 deputies suddenly resign from ACB

The chairman and two deputy chairmen of ACB, one of Vietnam’s largest banks, have resigned, the bank made the unexpected announcement today afternoon.
twitter might be ending development for its official mac app

Twitter might be ending development for its official Mac app

MacBook Pro with Retina display owners might want to start looking for a new Twitter client because word on the block is that the company is ending development for its official Mac app.
acb ex boss arrested for economic violations

ACB ex-boss arrested for ‘economic violations’

Ly Xuan Hai, ex-general director of Asia Commercial Joint Stock Bank (ACB) has been detained and charged with "intentionally violating State regulations on economic management and causing serious consequences" under Article 165 of the Criminal Code.
acb appoints new general director press conference

ACB appoints new general director: press conference

Ly Xuan Hai on Thursday left the position of General Director of Asia Commercial Joint Stock Bank (ACB) after his resignation letter based on his own choice has been approved by the bank’s board of directors, a press conference said on August 23.
acb sets aside vnd5 trillion for property loans

ACB sets aside VND5 trillion for property loans

Asia Commercial Bank, or ACB, has set aside VND5 trillion worth of preferential loans for customers having demands to buy real estates.
state bank ensures systems safety after bankers arrest

State Bank ensures system’s safety after banker’s arrest

The State Bank today assuring the safety of the country’s banking system after police arrested a founder of Asia Commercial Bank (ACB) the day before.
market plunges on kiens arrest

Market plunges on Kien’s arrest

The stock market plunged this morning on the news of Asia Commercial Bank’s (ACB) co-founder Nguyen Duc Kien being arrested.