The Striker Anh Duc (red) was one of the best players at the Capital SH Bank Cup and is expected to star at the Agribank Cup. (Photo:VFF) Vietnam national football team are preparing for one of the major tournaments, Agribank Cup, taking place in Hanoi from October 25-29. Despite being an invitational tournament, it is an opportunity for Vietnamese players to prepare for more important events in 2007, such as the Southeast Asian championship and Asian Cup finals. The Vietnamese team, featured mainly with young players in preparation for the forthcoming Asian Games in Doha, Qatar, were called up for their first training session on September 25. They then had an eight day training tour in Japan with two friendlies against local teams, in which the Vietnamese side won, 6-3 over Sagawa Kyubin Tokyo and 3-0 over Sony Senday. Returning from Japan, the team joined the Capital SH Bank Cup with junior teams from Malaysia and Thailand. It was no surprise when the Vietnamese team won the … [Read more...] about National team from Capital SH Bank Cup to Agribank Cup
Agribank
Former Agribank branch director faces death penalty for property embezzlement, bribery
The former director of an Agribank branch in Ho Chi Minh City is facing the death penalty for multiple violations that led to losses of more than VND358 billion ($15.7 million).The municipal People’s Procuracy suggested punishments for the 11 defendants involved in the allegations on Monday, all of whom were employees of the Agribank branch in Ben Thanh Ward in District 1.Capital punishment was proposed for Nguyen Thi Hoang Oanh, the ex-director of the branch, for embezzlement of property, bribery, and violations of regulations on the operations of credit institutions.Le Van Tinh, director of Kim Gia Thuan and Kim Gia Thao Companies, was recommended a life sentence for fraud, appropriation of property and bribery.Other accomplices are facing jail terms of between four to 30 years behind bars.According to the case file, between 2008 and 2012, Oanh used the names of several individuals to create false loan documents, embezzling 2,660 gold taels worth VND47.2 billion ($2 … [Read more...] about Former Agribank branch director faces death penalty for property embezzlement, bribery
Agribank corruption defendants sentenced
VietNamNet Bridge – HCM City People’s Court has sentenced Nguyen Thi Hoang Oanh, former director of Ben Thanh branch of the Bank for Agriculture and Rural Development of Viet Nam (Agribank), to life in prison on corruption charges after a 10-day trial.Oanh, 57, was sentenced for three offences of property embezzlement, receiving bribes and violating lending regulations.Earlier at the hearing, a representative of the Procuracy proposed giving Oanh the death penalty.However, Oanh received extenuating circumstances due to her long dedication to her work and she has repaid most of the money stolen from the bank.Le Van Tinh, former director of Kim Gia Thao Ltd Co, also received life imprisonment for property misappropriation and bribery.The remaining 10 defendants, Oanh and Tinh’s accomplices, received from three-year suspended sentences to 26 years in prison from the court.According to the indictment, Oanh used the names of eight people, created dossiers and completed … [Read more...] about Agribank corruption defendants sentenced
Agribank successfully sells shares at AJC
All shares of the Agribank Gold Joint Stock Corporation (AJC) offered by the Vietnam Agriculture and Rural Development Bank (Agribank) at the December 15 auction were sold to three domestic investors, the Ha Noi Stock Exchange announced.The stock exchange said the three investors bought more than 12.62 million AJC shares, equivalent to 61.24 per cent of charter capital, at the average bidding price of VND15,044 (66 US cents) per share.The price is 8.2 per cent higher than the initial price of VND13,900 per share offered by Agribank, helping the bank earn VND189.79 billion ($8.4 million) from the auction.Earlier, 13 investors registered to buy AJC shares.The bank, which was set up in 1994, earned revenue of VND1.2 trillion in 2016, a decline of 22 per cent compared with 2015. In the first six months of the year, AJC posted revenue of VND503 billion and after-tax profit of VND1.3 billion. — VNS … [Read more...] about Agribank successfully sells shares at AJC
Agribank, NongHyup Bank in money transfer deal
Agribank, NongHyup Bank in money transfer deal Phuong Thao By Phuong Thao - The Saigon Times Daily HCMC – Agribank and NongHyup Bank on Tuesday struck a cooperation deal to provide money transfer service for Vietnamese guest workers in South Korea. In addition to the remittance service, the two sides will be joining hands to offer financial support for Vietnamese employees through the employment permit system (EPS). EPS allows employers who cannot hire native workers to legally employ foreigners. This system of the Korean government is designed to monitor foreign guest workers in Korea. To subscribe to the service, Vietnamese workers should open an account at NongHyup Bank and maintain it until they have settled all their loans owed to Agribank. Main customers of Agribank and NongHyup Bank are in the agriculture sector. … [Read more...] about Agribank, NongHyup Bank in money transfer deal