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Oceanbank
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OceanBank chairman returns to VietinBank as deputy CEO
VietinBank has recalled Do Thanh Son and made him deputy CEO after seven years at OceanBank, which he successfully led out of trouble.
Ailing bank looks for buyer
Beleaguered GPBank is looking for investors who would restructure it.
Take acquisition route, Deputy PM tells South Korean banks
South Korean banks desiring to enter Vietnam should acquire local lenders since new licenses are not in the offing, Deputy PM Vuong Dinh Hue said.
June 20, 2019 | 08:20 pm PT
Former top shipbuilding officials get 6-17 years in prison
Three former top officials of state shipbuilding giant Vinashin will be jailed for appropriating illegal excess interest payments from OceanBank.
June 12, 2019 | 07:28 am PT
PetroVietnam subsidiaries told not to close OceanBank deposits
Several PetroVietnam subsidiaries are struggling to maintain cash flow after being told not to withdraw their deposits with the ailing OceanBank.
May 21, 2019 | 07:10 pm PT
OceanBank to be sold to foreign investor
The central bank plans to sell OceanBank, one of the country’s three weakest lenders, to a foreign investor.
May 19, 2019 | 08:39 pm PT
Former oil execs prosecuted in banking graft case
A former CEO and chief accountant of Vietsovpetro are accused of involvement in excess interest payments made by OceanBank.
January 4, 2019 | 09:27 pm PT
Vietnam arrests former CEO of state oil firm
The former CEO of PetroVietnam Exploration Production Corporation was arrested Tuesday for abusing power to appropriate property.
December 18, 2018 | 11:59 pm PT
Two more top officials arrested for $4.5 million misappropriation at state shipyard
A former Vinashin chief and a serving deputy chief of its successor company SBIC have been arrested for abetting misappropriation of $4.5 million.
December 10, 2018 | 08:23 pm PT
Fallen petro chief has second appeal rejected, gets total 30 years in jail
Dinh La Thang's combined jail term of 30 years remains unchanged as the court rejected his claims of innocence.
June 26, 2018 | 08:00 am PT
Vietnam arrests four oil officials for violations linked to banking graft case
Officials of PetroVietnam were accused of accepting excessive interest payments from OceanBank.
June 21, 2018 | 03:42 pm PT
Vietnam arrests oil refinery officials as investigation into banking graft case widens
Officials from a PetroVietnam subsidiary allegedly accepted $840,000 in excessive interest payments from OceanBank.
May 10, 2018 | 06:54 pm PT
Vietnam to expand investigation in major corruption cases: Party chief
MobiFone's pay TV acquisition and a $420 million online gambling ring are under the spotlight.
April 27, 2018 | 10:59 pm PT
Fallen PetroVietnam chief appeals jail sentence in million-dollar graft case
Dinh La Thang claims he is not liable for the $26 million he has been asked to return as a result of losses.
April 16, 2018 | 07:51 pm PT
Former oil honcho implicates ex-PM in massive Vietnam graft case
Dinh La Thang was chairman of PetroVietnam before his career took off as transport minister under PM Nguyen Tan Dung.
March 19, 2018 | 02:49 am PT
Fallen Vietnamese political star stands second trial for $35 million loss at PetroVietnam
Dinh La Thang has already been sentenced to 13 years behind bars for a separate graft case.
March 18, 2018 | 07:34 pm PT
Former PetroVietnam chief to stand 2nd trial for role in banking graft case in March
Dinh La Thang is facing another 10-20 years in prison for his role in the infamous multi-million-dollar graft case at OceanBank.
February 23, 2018 | 05:48 pm PT
Vietnam arrests former chief of state shipbuilding giant as OceanBank case deepens
The second phase of investigations into the multi-million-dollar graft case has netted its first big fish.
January 25, 2018 | 11:43 pm PT
Banking tycoons on trial in HCMC over $270m fraud case
The case has been described as the largest scandal ever to hit Vietnam's banking sector.
January 7, 2018 | 09:22 pm PT
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