Thousands of Vietnamese lament life savings lost in nation's largest financial scam
A total of 42,000 victims have seen their savings and investments in SCB evaporate after the bank was embroiled in a US$12.5 billion fraud.
Source: scmp.com
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Vietnamese real estate tycoon sentenced to death in country's biggest financial fraud case
Real estate tycoon Truong My Lan and her accomplices were accused of siphoning some $19 billion through one of Vietnam's biggest banks.
Source: sbs.com.au
Truong My Lan: Vietnam billionaire facing death penalty in fraud amounting to country's 6% GDP
Truong My Lan: Here's all you need to know about Truong My Lan and the allegations against her
Source: hindustantimes.com
Safeguards to be met with credit reform
Vietnam’s new banking reform regulations introduces stringent ownership limits for individual and organisational shareholders in credit institutions to mitigate risks associated with cross-ownership and enhance financial stability.
Source: vir.com.vn
Gaps closed thanks to credit law reforms
Vietnam’s revised Law on Credit Institutions introduces broad reforms aimed at enhancing banking sector governance, transparency, and efficiency.
Source: vir.com.vn