Three Chinese held in Vietnam for ATM thefts

Securities companies buy 40 percent of bank bonds on the primary market on behalf of other banks seeking to avoid regulatory hassles.

Ca Mau Province is seeking VND700 billion ($30.1 million) from the Ministry of Agriculture and Rural Development to build embankments to check erosion.

Severe erosion of a sea section prompted authorities in Ca Mau Province to issue an emergency warning on Tuesday.

Among 25 banks that have announced first-half business results, none reported losses and some have posted robust profit growth.

BIDV would sell a 15 percent stake for VND20.295 trillion ($874 million) to KEB Hana Bank through a private placement.

Commercial banks are selling USD for nearly VND23,500, a historical peak, with rates rising steadily since last week.

Cash transactions remain highly popular in Vietnam compared to other ASEAN countries as it has low banking penetration.

Two bank robbers were sentenced to life and 20 years in prison in central Vietnam Wednesday.

Vietnamese banks are struggling to recover overdue car loans since many customers mortgage vehicles bought using bank loans.

A former ANZ Bank employee will be tried for allegedly falsifying customers' signatures and misappropriating over VND91.3 billion ($4 million).

Many bank services including online transactions and ATM withdrawals are failing, unable to cope with high Tet related demand.

The head of a Vietnamese coffee company who defrauded five banks of $21.6 million will be jailed for life.

While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines.