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Vietnamese hacker arrested for infiltrating banking system to appropriate $420,000

Vietnamese hacker arrested for infiltrating banking system to appropriate $420,000

Police in HCMC arrested a Vietnamese man Saturday for allegedly infiltrating the system of a major bank to appropriate VND10 billion ($424,000).
Banks struggle to find borrowers

Banks struggle to find borrowers

Vietnam’s credit growth rose only 3.36% in the first six months, the lowest growth rate in years, as banks struggle to find borrowers amid economic challenges.
June 22, 2023 | 10:45 pm PT
Employees of 13 banks questioned about selling customer data

Employees of 13 banks questioned about selling customer data

Employees of 13 banks have been summoned for questioning over the largest data theft ever uncovered in Vietnam.
June 20, 2023 | 07:40 pm PT
Top Vietnam bank weighs share issue to raise at least $600M: sources

Top Vietnam bank weighs share issue to raise at least $600M: sources

Vietnam's most valuable listed lender, Vietcombank, is tapping advisers for plans to raise at least $600 million in fresh equity capital to build firepower and better compete with its rivals, two sources familiar with the matter said.
June 1, 2023 | 07:04 pm PT
CEO of LienVietPostBank resigns

CEO of LienVietPostBank resigns

Pham Doan Son has resigned from his position as LienVietPostBank CEO, citing personal reasons.
March 16, 2023 | 06:59 am PT
Former bank director imprisoned for faulty lending to Taiwanese firm

Former bank director imprisoned for faulty lending to Taiwanese firm

A former bank director in Hanoi was sentenced to seven years in prison on Thursday for wrongfully allowing VND360 billion ($15.27 million) in loans to an incompetent Taiwanese firm.
March 16, 2023 | 06:43 am PT
7 bankers in the dock for lending $39M to fly-by-night Taiwanese firm

7 bankers in the dock for lending $39M to fly-by-night Taiwanese firm

Seven BIDV executives are on trial in Hanoi for lending US$39 million to a Taiwanese company allegedly in violation of norms, causing huge losses to the state-owned bank.
March 14, 2023 | 07:33 pm PT
Nam A Bank gets new chairman

Nam A Bank gets new chairman

Nam A Bank on Friday named standing vice chairman Tran Ngo Phuc Vu as the new chairman.
December 9, 2022 | 06:32 pm PT
Banks make big hikes to short-term deposit interest rates

Banks make big hikes to short-term deposit interest rates

Several banks sharply increased one- and three-month deposit interest rates to around 6% on Tuesday.
October 25, 2022 | 06:11 pm PT
Agribank climbs into top 3 in profitability stakes

Agribank climbs into top 3 in profitability stakes

State-owned Agribank has become the third most profitable lender in the country after its first half profits rose by 60 percent to VND15.08 trillion (US$642.3 million).
August 2, 2022 | 09:00 pm PT
More beach destinations ease social restrictions

More beach destinations ease social restrictions

Hai Phong City and Khanh Hoa Province, home to famous beach destinations, relaxed Covid restrictions after more than two weeks without new community transmissions.
June 12, 2021 | 12:34 am PT
BIDV profits down 16 pct

BIDV profits down 16 pct

The consolidated profit of BIDV, Vietnam’s largest state-owned lender by assets, declined by 16 percent in 2020 to VND9 trillion ($390 million), despite a year-end surge in lending.
January 8, 2021 | 06:00 pm PT
VietinBank reports record profit

VietinBank reports record profit

VietinBank, Vietnam’s third largest lender by assets, has reported a 40 percent increase in standalone profits in 2020 to VND16.5 trillion ($715 million).
January 6, 2021 | 09:05 pm PT
Jewelry giant DOJI to increase ownership in TPBank to 8 pct

Jewelry giant DOJI to increase ownership in TPBank to 8 pct

Vietnam’s largest jewelry company DOJI, a shareholder in TPBank, has registered to buy another 11.6 million shares to increase its stake in the bank to 8 percent.
November 23, 2020 | 08:33 pm PT
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