October 18, 2024 | 11:37
The State Bank of Vietnam (SBV) announced a decision for the mandatory transfer of CBBank and Ocean Bank to Vietcombank and MBBank, respectively, on October 17.
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.
May 11, 2022 | 18:56
Vietcombank and MB would participate in the reorganisation of two weak banks, Construction Bank (CBank) and Ocean Bank.
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.
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.
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.”
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.
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.