Two leaders of Dong A Bank suspended

The State Bank of Vietnam (SBV) yesterday issued a decision to suspend two leaders of under special surveillance Dong A Bank, including director general Tran Phuong Binh and deputy director general Nguyen Thi Ngoc Van.

On the same day, SBV appointed two officials from the Bank for Investment and Development of Vietnam (BIDV) to replace Mr. Binh and Ms. Van's posts.

New director general and deputy director general are Mr. Vo Hai Nam, director of BIDV risk management board and Mr. Pham The Nguyen, deputy director of BIDV transaction office no.2.

The decision took effect right after it was signed.

Previously, SBV released an announcement on inspection results over Dong A Bank and put the bank under special control beginning August 13.

Related article:
PNJ not intend to divest from Dong A Bank

By Nhung Nguyen – Translated by Hai Mien

Other news

Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.