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A former chief inspector at the State Bank of Vietnam has been accused of receiving US$5.2 million in bribes to conceal a bank's violations in a major bond fraud case. - VnExpress International
Vietnamese police are calling for seven former executives of the Sai Gon Joint Stock Commercial Bank, including two chairpeople, to hand themselves in for involvement in Van Thanh Phat's bond fraud case. - VnExpress International
Vietnamese entrepreneurs are steering their “ships” to “ride thousands of waves” towards recovery and growth, said Nguyen Quoc Bao, chairman of Thanh Cong Investment JSC (TCC).
HCMC-based property developer Van Thinh Phat Group and several other firms misappropriated over VND30 trillion ($1.23 billion) from 42,000 investors via fraud in bond issuance, investigators have concluded.
Both foreign and domestic investors are hoping for clarity and specific policies in Vietnam’s power strategy sooner rather than later.