Police on Saturday issued an international wanted notice for Le Nguyen Hung, a fugitive bank executive for fraudulence, illegally appropriating over US$10 million from a customer. (Photo: tuoitre.vn)

Fugitive banker wanted internationally

The Ministry of Public Security’s investigation police on Saturday issued an international wanted notice for a fugitive bank executive for fraudulence, illegally appropriating over US$10 million from a customer.
People wait for their turn to complete tax procedures at the Hanoi Tax Department.(Photo: VNA/VNS)

Government committed to slash business costs

This year, the Vietnamese Government intends to further slash business costs and regulations as well as fostering co-operation between domestic enterprises and their foreign direct investment (FDI) counterparts.

A customer makes transactions at HCM City Development Bank (HDBank). (Photo: VNA/VNS)

Foreign reserves at record $57b

State Bank of Vietnam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to a new record high of more than US$57 billion till February 6.
Banks must ensure ATMs to operate smoothly and safely during the Tet holiday (Photo: SGGP)

SBV to penalize banks for lack of cash in ATMs

The State Bank of Vietnam (SBV) will impose fines on banks if their automated teller machines (ATMs) do not operate because of lack of cash or their subjective errors and report to the SBV Governor before, during and after the Tet holidays.
At the ceremony

Sacombank uses QR code payment

Sacombank and the UnionPay International have just signed cooperation agreement in implementing the QR code payment from Sacombank UnionPay card across over the world.
Forex reserve reaches $54.5 billion: SBV Chief

Forex reserve reaches $54.5 billion: SBV Chief

Governor of the State Bank of Vietnam (SBV) Le Minh Hung said that the bank purchased about US$22 billion foreign currencies in 2016 and 2017, building the total foreign exchange reserves to over US$54.5 billion now.
Bad debts worth VND 93.7 trillion (US$4.12 billion) were recovered last year. (Photo: cafef.vn)

Bad debt ratio at 2.3 percent by end of 2017

Non-performing loans (NPLs) of credit institutions were controlled effectively in 2017, helping the NPL ratio of the entire banking system reduce to 2.3 percent from 2.46 percent in late 2016.