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Vietnam is ninth highest receiver of remittances

Vietnam received remittances of nearly $16 billion last year, more than 100 times the amount it had received 25 years earlier. 

Sacombank largest seller to state-owned debt buyer

83 percent of bad debts the Vietnam Asset Management Company (VAMC) bought last year at market prices came from private lender Sacombank.

Court postpones sentencing in Vietnam's largest banking scandal, demands further probe

There is currently not enough evidence to press charges in the $270 mln embezzlement case, according to the court.
February 07, 2018 | 03:39 pm GMT+7

Vietnamese banks protest after prosecutors call for $266 million to be returned at fraud trial

Pham Cong Danh is accused of stealing the money from his own bank and using it to secure loans with three other lenders.
January 26, 2018 | 11:13 am GMT+7

Vietnam's Sacombank board seeks to switch listing to smaller exchange

It would be delisted from the Ho Chi Minh Stock Exchange if shareholders approve the resolution
October 11, 2017 | 12:00 am GMT+7

Vietnam's central bank terminates tycoon's managing role in Sacombank

The departure of the tycoon is part of the government's efforts to reshape the country's banking system.
February 25, 2017 | 11:19 am GMT+7

Vietnamese banks race to cash in on surging remittances before Lunar New Year

Many banks see remittances as an attractive business because they generate steady fees and require little capital.
January 12, 2017 | 02:39 pm GMT+7

Vietnamese banks freeze online payments after cyber attacks at 2 major airports

Vietnam Airlines' customers may be at risk after alleged Chinese hackers stole personal details.
August 01, 2016 | 12:15 pm GMT+7

Vietnamese banks ride along wave of Japanese tie-ups

Similar cultures and retail banking strategies are prime advantages for banking cooperation between Vietnam and Japan, and leading Vietnamese banks including Sacombank, Vietcombank, Vietinbank and Eximbank have hooked up with Japanese firms to become strategic partners.
June 20, 2016 | 06:24 pm GMT+7

Banks raised wages, added staff in 2015

Banks hired more people and increased wages last year, according to figures from the financial reports of major lenders.
March 04, 2016 | 07:38 pm GMT+7
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