Vietnamese property tycoon Trong My Lan was sentenced to death for orchestrating a massive $44 billion bank fraud, equivalent ...

The State Audit of Vietnam has released its consolidated 2024 report, spotlighting multiple irregularities and inefficiencies ...

Even though Vietnam law prevented any individuals from owning more than 5% of any bank, Troung My Lan used proxies running hundreds of shell companies to own more than 90% of Saigon Commercial Bank..

Vietnam’s police issued arrest warrants for two former chairs of Saigon Commercial Bank, which experienced a bank run last year after customers feared the lender was tied to a real estate ...

Truong My Lan, chair of major developer Van Thinh Phat, was found guilty of embezzling cash from Saigon Commercial Bank (SCB) over the course of a decade in a case that has stunned the nation.

Vietnam’s central bank will place Saigon Commercial Bank under “special scrutiny” after customers pulled their savings from its branches for several days this week. Skip to content.

Lan was able to secure more than 2,500 loans from Saigon Commercial Bank, crimes that gave her ownership of 91.5% of the bank’s shares. Total damages caused by the scam amount to $27B, ...

Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector.

I n the first quarter of 2024, Vietnam’s economy expanded 5.7% year-on-year. While that was faster than the 3.4% growth reported the previous quarter, it was still a lower-than-expected result ...

The Westminster-based bank raised slightly more than $14 million in startup funds by the time its offering to investors closed on Nov. 1, said John J. Kennedy, chief executive of Saigon National. The ...