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.

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PNJ not intend to divest from Dong A Bank

By Nhung Nguyen – Translated by Hai Mien

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