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Banks must disclose the information of shareholders owning 1% or more stakes in the lenders, along with the investors’ associates, starting July, according to a new regulation. The latest changes in the Law of Credit Organizations, which were approved by the National Assembly last Thursday, aim to tighten regulations on …

After six failed attempts due to lack of bidders, lender BIDV plans to again try and auction a yacht belonging to embattled company FLC. The FLC Albatross will have a reserve price of VND23.2 billion (US$945 million), 36% less than last time. The state-owned lender will hold the auction in …

The U.S. dollar rose slightly against the Vietnamese dong Tuesday morning as it steadies around the highest since early November. Vietcombank sold the dollar at VND24,730 Tuesday, up 0.10% from Monday. The State Bank of Vietnam’s reference rate was steady at VND24,030. The greenback was unchanged on the black market …