VietNamNet Bridge - The list of bankers who met with misfortune in 2016 includes many well-known names.

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Huynh Nam Dung

On January 30, two former members of Mekong Housing Bank’s (MHB) board of management – Huynh Nam Dung and Nguyen Phuoc Hoa – were arrested and prosecuted for violating laws.

Dung, 60, who has an MA in Economics and Hoa, 60, with a bachelor’s degree, got involved in a series of violations in the management and business of MHB’s securities company, which caused a loss of billions of dong.

In early February, the police arrested and prosecuted Phi Thi Ong, former director of Agribank’s Central Sai Gon Branch because she violated regulations on credit institutions’ lending activities.

The list of bankers who met with misfortune in 2016 includes many well-known names.
Ong and her subordinates were suspected of ignoring a project appraisal, a compulsory step in loan business, causing a loss of tens of billions of dong.

In 2014, Ong was also prosecuted for her violation of regulation when she was director of Agribank’s Mac Thi Buoi branch. 

In mid-March, the police arrested Pham Quyet Thang, who was then CEO of GP Bank, for deliberately violating the law and causing a big loss of VND5.5 trillion.

Before taking the post of CEO at GP Bank, Thang worked as a director of VP Bank’s Dong Do Branch for a long time. 

GP Bank, during Thang's tenure, took a big loss with the stockholder equity of minus VND9 trillion by the end of 2014, while the charter capital was only VND3 trillion, and the non-performing loan ratio of 45 percent. 

The bank has been taken over by the State Bank at the price of zero dong.

In early December, the public was stirred up by the news that Tran Phuong Binh, former CEO and Nguyen Thi Ngoc Van, deputy CEO of Dong A Bank, were arrested for financial wrongdoings.

Binh, 57, and Van, 46, will be prosecuted for deliberately violating State regulations on economic management, causing serious consequences, and violating lending regulations of credit institutions.

Binh has a bachelor’s degree in economics. He worked for Dong A since its first days. Before becoming the CEO of Dong A in 1998, he did not have any experience or training in banking. His previous job was a lecturer in economics.

By June 30, 2014, Binh held 15 million Dong A Bank (3 percent of charter capital).

A report showed that Binh and his family members hold 16.24 percent of stakes of PNJ, a jewelry company where Cao Thi Ngoc Dung, or Binh’s wife is the chair of board of management, and 9.62 percent of Dong A Bank’s stake.

Van, 1970, graduated from the HCMC Economics University. 

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