In a move to restructure the credit institution system and tackle bad debts, the State Bank of Vietnam (SBV) has announced the mandatory transfer of two major banks.

Deputy Prime Minister Vuong Dinh Hue welcomed Japanese-based J Trust Corp’s aspiration to involve in the restructuring of Vietnam Construction Bank (CBBank) during a reception in Hanoi on March 29 for its Senior Managing Director Nobiru Adachi.

The High-Level People’s Court in Ho Chi Minh City on December 25 upheld the prison sentences given by the municipal People’s Court to 12 defendants involved in the losses of over 6 trillion VND (258 million USD) at the Vietnam Construction Bank (VNCB).

The high-level court in Ho Chi Minh City on December 10 reduced sentences for former Deputy Governor of the State Bank of Vietnam (SBV) Dang Thanh Binh and two other defendants involved in the losses of over 15 trillion VND (645.8 million USD) at the Vietnam Construction Bank (VNCB).

The high-level court in HCM City on December 5 opened an appeal trial on the case of former Deputy Governor of the State Bank of Vietnam Dang Thanh Binh in connection with the economic losses of over 15 trillion VND at the Vietnam Construction Bank.

Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), has been given a 20-year prison term for “deliberately violating State regulations on economic management, causing severe consequences” at the bank.

A 20-year prison term has been proposed for Pham Cong Danh, ex-Chairman of the Board of Directors of the Vietnam Construction Bank (VNCB), for his involvement in the case of “deliberately violating State regulations on economic management, causing severe consequences” at VNCB.

The Ho Chi Minh City People’s Court on July 24 resumed the trial on the case of “deliberately violating State regulations on economic management, causing severe consequences” at the Vietnam Construction Bank (VNCB, now Construction Bank).

Dang Thanh Binh, former Deputy Governor of the State Bank of Vietnam (SBV), was sentenced to three years in prison for the charge of lacking responsibility causing serious consequences at the Vietnam Construction Bank (VNCB) during the first instance trial in Ho Chi Minh City on July 2.

The HCM City People’s Court on May 8 opened the first trial for 28 former officials of Dai Tin Bank (Trust Bank) for "abusing trust to appropriate property" and "deliberately acting against State regulations on economic management and causing serious consequences".

The Ho Chi Minh City People’s Court on May 4 gave punishments from three-year suspended prison sentences to seven-year imprisonment to the defendants charged with “violating regulations on lending in activities of credit institutions” at Dai Tin Commercial Joint Stock Bank (Trust Bank), the predecessor of the Vietnam Construction Bank (VNCB).

The HCM City People’s Procuracy proposed sentences for defendants charged with “violating regulations on lending in activities of credit institutions” at Dai Tin Commercial Joint Stock Bank (Trust Bank).

The Ho Chi Minh City People’s Court on May 2 opened the first trial for Hoang Van Toan, former chairman of the board of directors of Dai Tin (Trust) Bank – predecessor of the Vietnam Construction Bank (VNCB), Tran Son Nam, former general director of the bank and their accomplices.

The Ho Chi Minh City People’s Court on February 7 decided to return the dossier of the case “deliberately violating State regulations on economic management causing severe consequences” at the Vietnam Construction Bank (VNCB, now Construction Bank – CB), and requested further investigation.

The People’s Procuracy of Ho Chi Minh City proposed a 30-year imprisonment sentence to ex-Chairman of the Vietnam Construction Bank (VNCB) Board of Directors Pham Cong Danh during a trial on Jan. 22

The second-phase trial against Pham Cong Danh, ex-Chairman of Board of Directors of the Vietnam Construction Bank (VNCB) and his accomplices entered the third day on January 10, when the Ho Chi Minh City court began questioning the defendants.

The Ho Chi Minh City People’s Court on January 8 began a trial on the case of “deliberately violating State regulations on economic management causing severe consequences” in the Vietnam Construction Bank (VNCB-present name CB).

Total assets of Vietnam’s banking system reached more than 9.25 quadrillion VND (407.5 billion USD) by the end of August, an increase of 8.79 percent over the beginning of this year.

The police department for combating corruption and economic crime started criminal proceeding against Hua Thi Phan, a former shareholder of the Dai Tin bank, now the Vietnam Construction Bank (VNCB), and searched her house and office on March 24.

HCM Citys Court has given a 30-year prison sentence to Pham Cong Danh, a former bank executive, for his wrongdoings and violations of banking rules that caused losses of over 9 trillion VND.