Tag Archives: Vietnam

Vietnam Arrests Banking Tycoon, Bank Shares Fall – 24 August 2012

Vietnamese police have arrested a banking tycoon and summoned another senior executive for questioning, state media said on Tuesday, reigniting concern over Vietnam’s fragile banking industry.

Nguyen Duc Kien, the well-known multimillionaire founder of Asia Commercial Joint Stock Bank, was accused of wrongdoing in connection with three private firms, state-run Vietnam Television quoted the Police Ministry as saying in a statement.

To read the rest of this story, visit  in.reuters.com  link to original article (Thanks Rain!)


UFO passing Haiphong, Vietnam August 2011