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Ocean Bank

OceanBank completed phase one of negotiation process with foreign partners

The information was given during the working session of Nguyen Kim Anh, Deputy Governor of the State Bank of Vietnam, with Ocean Commercial Joint Stock Bank (OceanBank).

“Zero dong” banks continue to suffer losses

Two years after being purchased at the price of VND0 by the State Bank of Vietnam, three banks namely Ocean Commercial Joint Stock Bank (Ocean Bank), Construction Bank (CB Bank) and Global Petroleum Commercial Joint Stock Bank (PGBank) continue to suffer great losses and negative equity.

Lessons from the Oceanbank case

Experts say the banking sector remains plagued by mismanagement, monetary policy shortcomings.

Prosecuting three criminal cases at petro companies

According to the Investigative Police, the receipt and use of unofficial payments at Vietsovpetro (VSP), Binh Son Refining and Petrochemical Company Limited (BSR) and PetroVietnam Exploration Production Corporation (PVEP) are acts of law violation.

Settlement of bad debts to chalk out bustling M&A in the banking sector

The National Assembly’s Resolution No. 42/2017/QH14 dated June 21, 2017 on the pilot settlement of bad debts of credit institutions is expected to remove barriers for the mergers and acquisitions (M&A) in the banking sector.

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