Banks change high-class personnel

VietNamNet Bridge – Mergers and turnovers in top management are the two outstanding trends in the banking sector of Vietnam this year.

At the shareholders' meeting of the Saigon-Hanoi Commercial JS Bank (SHB) on April 19, the Board of Directors dismissed old board members and elected new ones for tenures of 2012 to 2017.

At the shareholders' meeting of the Saigon-Hanoi Commercial JS Bank (SHB) on April 19, the Board of Directors dismissed old board members and elected new ones for tenures of 2012 to 2017.

Board members Dam Ngoc Bich and Pham Hong Thai were dismissed. Ms. Ngoc Bich had asked to resign for personal reasons, while Thai – a representative of the Vietnam Coal-Minerals Corporation – withdrew from the board in accordance with his company’s suggestion.

Also at this meeting, shareholders approved the election of Mr. Do Quang Huy as a new member of the board of directors. Huy is working for the T&T Corporation, where the Chairman of SHB – Mr. Do Quang Hien – is also the Chairman and CEO.

Although Huy does not hold any shares of SHB, T&T Corporation does holds over 60 million shares, equivalent to 6.85 percent of SHB’s capital. It recently registered to buy an additional 36.3 million shares of SHB.

At the shareholders’ meeting of Techcombank on April 19, the representative of HSBC withdrew from the board of directors, replaced by former Vice Chair of the State Securities Commission, Mr. Nguyen Doan Hung.

According to Techcombank, Hung is an independent member of the board of directors. HSBC did not nominate new candidates to participate in the bank’s board in the new term since the Technical Assistance Agreement between HSBC and Techcombank will end in June.

During the annual shareholders’ meeting on April 19, Maritime Bank submitted the merger plan with the Mekong Development Bank (MDB). In preparation for the merger, the bank’s Board of Directors and Supervisory Board nominated candidates who are from or are related to Maritime Bank.

Earlier, in the 2014 shareholders’ meeting of the NamA Bank held in late March, the bank’s Chair, Ms. Nguyen Thi Xuan Loan, Vice Chair Huynh Thanh Chung and board member Mr. Tran Anh Tuan resigned.

NamA Bank has elected two additional members of the Board of Directors – Mr. Nguyen Quoc Toan and Mr. Tran Ngo Phuc Vu. Previously, Vu was the Chief Executive Officer from April 2013.

Sacombank has also appointed two vice directors, bringing the total number of deputy directors who were appointed this year to four. Currently, Sacombank is the bank with the highest number of deputy directors – 20.

Sacombank recently approved the resignation of its chair, Mr. Pham Huu Phu, and elected Vice Chair Kieu Huu Dung as Chairman from March 24.

The shareholders’ meeting of Kien Long Bank has also recently approved the resignation of board member Tran Phat Minh and elected two new members – Mr. Vo Van Chau and Ms. Nguyen Thuy Quynh Huong.

Minh resigned for personal reasons. Currently he is the largest individual shareholder in the two banks of Kien Long and Sacombank, with 3.28 and 4.8 percent.

In the same trend of changing high-level personnel, Mr. Pham Van Bu will no longer be Chair of DongA Bank (EAB), as decided at the annual shareholders’ meeting on April 26. Bu has held the EAB Chairmanship since 2007. He does not hold any shares of EAB but has great influence at the bank.

The reason for Bu’s resignation is that he will retire and no longer be the representative of the contributed capital of the Ho Chi Minh City Party Committee in EAB. The successor will be Mr. Nguyen Quoc Hung, Deputy Director of the HCM City Party Committee Office.

Eximbank has released the minutes of the counting of votes on shareholder opinion on the election of new members of the Board of Directors.

The three candidates include Mr. Le Hung Dung, Mr. Pham Huu Phu and Mr. Dang Phuoc Dua.

Na Son

Ancelotti happy as Real thrive without much from Ronaldo, Bale

Real Madrid coach Carlo Ancelotti praised his team for beating holders Bayern Munich in Wednesday’s Champions League semi-final, first leg without their two biggest names taking a leading role.

Cristiano Ronaldo, top scorer in this season's competition, struggled after returning from injury and record signing Gareth Bale only played the final 20 minutes following a bout of flu.

Cristiano Ronaldo, top scorer in this season's competition, struggled after returning from injury and record signing Gareth Bale only played the final 20 minutes following a bout of flu.

Karim Benzema scored the winner in the 19th minute at the Bernabeu, setting Real up nicely ahead of Tuesday’s second leg in Munich as they seek a first appearance in the final since they won their ninth European crown in 2002.

“Without Bale and with Cristiano at 50 percent it is not easy to play so well,” Ancelotti told a news conference.

The Italian, in his first season in charge, said it had been agreed Ronaldo would only play part of the match after missing the last four games with knee and thigh muscle problems and he was replaced by Bale in the 73rd minute.

“We did not want to run any risks and tire out the muscle,” Ancelotti said.

“Cristiano played well. He wasn’t at 100 percent but he sacrificed himself a lot and on Tuesday he will be better, just like Bale.

“We are happy to have him (Ronaldo) back. He worked very hard to help the team.”

Ancelotti said Real had a “small advantage” ahead of the trip to Munich as they chase an elusive 10th European title.

“The result was a good one. We have to know that we will suffer (in Munich) but we will give our all just like today,” he said.

The winners will play Atletico or Chelsea, who drew 0-0 at the Calderon in Madrid on Tuesday, in the final in Lisbon on May 24.

HCM City to celebrate Unification Day with fireworks

Accordingly, the high-range firework show will be held from 9pm to 9.15pm on April 30 at the head of the Thu Thiem Tunnel in District 2.

VietNamNet Bridge - The HCM City People's Committee has approved a firework show for the upcoming holidays - the country's unification (April 30) and May Day. Along with fireworks, the city will also organize a variety of activities to celebrate … [Continue reading]

Disillusioned with authorities’ inaction on polluters, communities turn to “people power”

People in Thanh Hoa Province "surround" the pig farm. On Sunday morning, hundreds of residents of Quang Nam Province gathered at the Bac Chu Lai Industrial Zone with shovels and hoes in hand.

VietNamNet Bridge - As local authorities have often been too late or too powerless to deal with environmental pollution, local people have found the need to take matters into their own hands. Tens of tons of red soil were carried to the site. The … [Continue reading]

Hanoi-Da Nang air route check-in counters to be served at E lobby area


(CPV) - The Vietnam national flag carrier Vietnam Airlines announced that passengers for Hanoi-Da Nang air route will check-in at the E lobby area (T1 terminal expansion) beginning from April 25. With 25,000 square meters of usable space, the VND500 … [Continue reading]

Sacked Moyes ‘proud’ of Man Utd tenure

Moyes, 50, was sacked by United on Tuesday after a dismal 10-month tenure in which the reigning champions slumped to seventh place in the Premier League, denying them a place in next season's Champions League.

David Moyes declared on Wednesday that he was "proud" to have managed Manchester United, but said that he understood the "frustration" that had led to his dismissal. "During this period of transition, performances and results have not been what … [Continue reading]

Justin Bieber’s Miami trial pushed back to July

The trial was set to begin May 5, but lawyers for Bieber argued that more time may be needed to hear potential pre-trial motions.

MIAMI - A Miami judge on Wednesday agreed to delay pop star Justin Bieber's trial until July 7 on charges stemming from the Canadian singer's January arrest when he was caught allegedly drag racing on Miami Beach. "If the case goes ahead there … [Continue reading]

Grief, anger at memorial for Korea ferry student victims

The confirmed death toll stood at 150, but 152 were still unaccounted for, their bodies believed trapped in the inverted, submerged ship that sank a week ago in circumstances that have yet to be fully explained.

Thousands of mourners paid tearful respects Wednesday at a temporary memorial to the hundreds of student victims of South Korea's ferry disaster, as the grim search for bodies entered a second week. As the relatives of the missing began their … [Continue reading]

Knowledge of defence-security provided to cadres

Major General Nguyen Dinh Minh, Director of the Academy of Politics addresses the opening ceremony

PANO - The Academy of Politics under the Ministry of National Defence on April 22nd opened a course on defence and security for 80 cadres from central organs and departments. The course, the 45th of its kind, aims to raise knowledge of … [Continue reading]

Border guards help locals upgrade road


PANO - On April 22nd and 23rd, troops from the Binh Thanh Border Post under the Dong Thap provincial Border Command help people in Binh Thanh commune, Hong Ngu town, upgrade 2km road. The construction cost VND 17 million funded by the local … [Continue reading]