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Saigon Commercial Bank’s losses could cause the national treasury to dry up, as the government injects ‘special loans’ to keep the bank afloat.
Nguyễn Văn Nên, secretary of the city Party Committee, said it is important to also complete the trial of Trương Mỹ Lan this year since the case has caused public anger.
Police said they recommend that inspectors at the State Bank of Vietnam (SBV) be charged with accepting bribes of up to US$5.2 million from Saigon Joint Stock Commercial Bank (SCB).
The chairwoman of Vạn Thịnh Phát Group is facing accusations of orchestrating the activities of Saigon Joint Stock Commercial Bank (SCB) to embezzle VNĐ304 trillion (US$12.4 billion).
A related entity to Singapore's Sunray Woodcraft Construction (Sunray) is reportedly assessing the acquisition of Hotel Telegraph from Viva Land, a Vietnamese property developer.