Former chairman of Ocean Commercial Bank (OceanBank) Ha Van Tham was sentenced to an additional 15 years in prison on charges of breaking lending violations, resulting in a loss of US$3.9 million at the Hanoi-based bank.

The Hanoi People’s Court will open a trial of the case of abusing position and power to appropriate assets at the PetroVietnam Exploration Production Corporation (PVEP) on May 6.

The first-instance hearing of Ha Van Tham, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Hanoi People’s Court. 

The first-instance hearing for Ha Van Tham, former Chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank (Ocean Bank), and his accomplices will be reopened on August 28, 

 The Supreme People’s Procuracy officially filed charges on December 23 against the former Chairman of Ocean Bank, Ha Van Tham, and 47 accomplices for serious violations during their time in charge of the bank.

VietNamNet Bridge – The State Bank of Vietnam (SBV) is eyeing to buy GP Bank and Ocean Bank, Thoi Bao Kinh Te Sai Gon quoted its sources as saying.

 Former Deputy General Director of Ocean Commercial Joint Stock Bank Nguyen Van Hoan was prosecuted and arrested on December 22, for allegedly violating State regulations on credit institutions' lending operations.

It is estimated that nearly 1,000 inspection tours to commercial banks are conducted every year. However, the majority of the inspectors’ reports have never been made public.

 VinGroup to convert international bonds into shares; Viglacera signs MoU with Cuban construction giant; Textile businesses investing in advance of TPP; EVN struggles to cope with rising input costs

 The arrest of a senior banking official late last week, the second in as many years, dragged down shares on both stock exchanges yesterday as investors tried to avert downward risks by selling more shares.