VNCB

Update news VNCB

Will ‘zero dong’ banks turn into 100 percent foreign owned banks?

The Capital Market Working Group has suggested lifting the foreign ownership ratio limit in banks in which the state is a big shareholder, and in privately run joint stock banks to 35 percent. 

Customer wants huge deposits at VN Construction Bank back

Tran Ngoc Bich, a major depositor at Vietnam Construction Bank (VNCB), has said she wants to take back a combined VND5.88 trillion from 124 saving books opened at the bank.

What will SBV do with banks sold for zero Vietnamese dong?

VietNamNet Bridge - Within the first six months, the State Bank bought three joint-stock banks for zero Vietnamese dong and assigned state-owned commercial banks to restructure the bought banks.

How much should SBV have to pay to revive banks bought at zero dong?

VietNamNet Bridge - OceanBank was forced to sell to the State Bank for zero dong to implement the so-called “neo-bankruptcy” deal. What will the State Bank do with it? 

Vietcombank’s Vice General Director named Chair of VN Construction Bank

 VietNamNet Bridge - Nguyen Van Tuan was appointed the Chair of the Vietnam Construction Bank after the bank was acquired by the central bank for zero Vietnamese dong and its operating model was changed.

GPBank to be nationalized, Ocean Bank may follow

 VietNamNet Bridge – The State Bank of Vietnam (SBV) plans to nationalize GPBank, and then possibly OceanBank if the bank is unable to handle its problems.

VNCB nationalization deal raises controversy

VietNamNet Bridge – The news that the Vietnam Construction Bank (VNCB) has been sold to the State Bank, an unprecedented action in the country, has caused concern among the public.

SBV decides to nationalize commercial bank as last resort

The State Bank of Vietnam (SBV) has decided to buy the Vietnam Construction Bank (VNCB) at zero dong per share. This is the first time in history the central bank has bought shares of a commercial bank.

Three VNCB senior executives detained

 VietNamNet Bridge – They are Pham Cong Danh , chairman of both Thien Thanh Group and VNCB, Phan Thanh Mai, former board member and general director of VNCB, and Mai Huu Khuong, former board member in charge of finance,