Eximbank

Update news Eximbank

Eximbank to review credit card policy following sensational debt case

Eximbank is doing a comprehensive review and adjusting its policies concerning the calculation methods for interest rates and fees associated with credit cards to safeguard the rights and interests of both the bank and its customers.

Top business news of the week Sep 5-11

G36 President Nguyen Dang Giap, TNH President Hoang Tuyen, TVC CEO Do Thanh Ha, the ‘hot seats’ at Eximbank and GPBank, were the outstanding businesspeople of last week.

Top news in Vietnam’s business world

Here are among the most notable business events reported recently.

Business stories: owners pocket more money

The wife of billionaire Tran Dinh Long has added her name to the list of top 10 stock billionaires. Luong Thi Cam Tu has been appointed as Chair of Eximbank. Boss Duc’s businesses face compulsory delisting. Top business stories:

Has Eximbank found light at the end of the tunnel?

The decade-long power struggle at Eximbank has blocked tens of trillions of dong worth of dividends and trapped shareholders. The problem may be solved after the latest move of the foreign shareholder.

Japanese partner ends strategic alliance agreement with Eximbank

Japanese shareholder Sumitomo Mitsui Banking Corporation (SMBC) has announced the termination of a strategic alliance agreement signed with Vietnam Export Import Commercial Joint Stock Bank (Eximbank).

Oddest bank in Vietnam: No CEO, chairman takes office for two hours

The nearly decade-long war for power at the Vietnam Export Import Commercial Joint Stock Bank (Eximbank) may be coming to an end. 

VN firms review annual meeting schedules under pressure of coronavirus

Several companies have put annual shareholders’ meetings on hold due to worries about the spread of coronavirus.

 

Local commercial banks cut interbank transfer fees

Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than VND500,000 ($21.5).

Eximbank rocked by resignation of chairpersons

A number of key personnel of Eximbank have resigned and three chairpersons have quit over the last three months.

Eximbank ordered to compensate Chu Thi Binh with over VND115 billion

The HCMC High-level People's Court has ruled that Eximbank must pay over VND115 billion to Chu Thi Binh, who was swindled out of US$10.5 million by former deputy director of the Eximbank HCMC branch Le Nguyen Hung.

 

Bad debt handling to be audited

The handling of bad debt among credit institutions would be audited this year in order to formulate recommendations for effectively implementing a National Assembly resolution, according to the State Audit Office of Viet Nam (SAV).

 

Rocky road

 Eximbank’s restructuring process has been anything but straightforward.

How is the once ‘powerful trio’ of banks doing now?

VietNamNet Bridge - ACB, Sacombank and Eximbank, the three most influential banks in the south, like MB and Techcombank in the north, are encountering serious difficulties.

The race for ‘seats’ at banks gets hot

VietNamNet Bridge - Big changes in key personnel in the banking sector are occurring as the bank restructuring process gears up.

Dang Van Thanh regains strength, makes impressive comeback

VietNamNet Bridge - There are signs showing that Dang Van Thanh, a one-time tycoon, is returning to business with ambitious plans.

Bad debts eating bank profits

 A series of banks are facing towering bad debt provisions that ate up their profits for the first three quarters of the year, which had been promisingly reported.

BUSINESS IN BRIEF 14/2

 Extra VND40 trillion for Tet cash withdrawals; OV help sought to boost farm exports; More time sought for Uber partners to complete procedures; Eximbank gets approval for mPOS service; Textile firms face high turnover

V-League seeks new sponsor partners for 2015 season

 Pham Phu Hoa, deputy general director of the Viet Nam Professional Football Joint Stock Company (VPF), has announced that his company was seeking new sponsors for the V-League in the 2015 season.

Bad debt threat continues to loom

 VietNamNet Bridge – Banks are continuing to struggle with fast rising potentially unrecoverable bad debts.