News
Dang Van Thanh withdraws from all Sacombank posts
www.tuoitrenews.vn
[Tuoitrenews] - The situation looks better than what took place after the arrest of Nguyen Duc Kien in late August. “If any difficulties emerge, they will soon pass with the financial capacity of Sacombank and the support from the central bank," Minh said. Write your
BUSINESS IN BRIEF 7/11
english.vietnamnet.vn
[VietNamNet Bridge] - Nguyen Duc Thuan, Chairman of the Vietnam Leather and Footwear Association, says products from foreign-invested enterprises can easily join global value chains because they are supported by major commercial groups and parent companies. In addition
Vietnam 5-Year Bonds Fall as Interbank Rate Climbs; Dong Steady
www.bloomberg.com
[Bloomberg] - “Banks may be a bit more conservative and want to hold a bit more cash given recent incidents,” said Nguyen Duc Hai, a Ho Chi Minh City-based portfolio manager at Manulife Asset Management. “Toward the end of the year, bond yields may go up a little
Rumours of scandal cause market plunge
english.vietnamnet.vn
[VietNamNet Bridge] - The latest incident was more devastating to the market than the $920 million loss caused by the arrest in August of Nguyen Duc Kien, one of the founder's of Asia Commercial Bank (ACB). At a press conference on Saturday, Sacombank (STB) formally
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