Governor Nguyen Thi Hong stated that when a bank experienced a mass withdrawal of funds, even though the deposit insurance fund had nearly 100.000 billion VND, it could not be used.
Representatives from Van Thinh Phat and two German companies proposed using $3 billion to restructure SCB and mitigate the consequences of the Truong My Lan corruption case, awaiting approval from the authorities.
Mr. Dang Thuan Phong, a member of the 15th National Assembly and Deputy Chairman of the National Assembly's Committee on Culture and Social Affairs, retired and is entitled to benefits and policies in accordance with Government Decree No. 178.
The former CEO of SCB denied being instructed by Ms. Truong My Lan during the bond issuance process and said he had never participated in any meetings related to this matter.
At the appeal hearing of the Van Thinh Phat case, former SCB Bank CEO Vo Tan Hoang Van argued that the 17-year prison sentence for two crimes handed down in the first instance trial was too harsh for him.
On the morning of February 3rd, Prime Minister Pham Minh Chinh visited and extended New Year greetings to the State Bank of Vietnam and the banking sector, assigning tasks for 2025 and beyond.
According to the latest announcement from SCB, the bank has just closed three more branches.
The Ho Chi Minh City High Court announced its verdict in the appeal hearing of the case involving Van Thinh Phat Group, Saigon Commercial Bank, and related entities and organizations in phase 1.
The government has instructed the State Bank of Vietnam to finalize a plan for handling Saigon Commercial Bank (SCB) by December.
Saigon Commercial Bank (SCB) has just announced the liquidation sale of 17 Mitsubishi Pajero vehicles that were previously used for transporting cash.
The Investigation Police Department of the Ministry of Public Security is seeking victims who still have outstanding bond debts from 25 bond packages related to the case at Van Thinh Phat Group.
The mass withdrawal of funds at Saigon Commercial Bank (SCB) is a factor that increases pressure on domestic interest rates and exchange rates, putting pressure on inflation.
Mr. Nguyen Van Phuong, former Deputy Director of Saigon Commercial Bank, Gia Lai Branch, forged documents to withdraw and embezzle over 3 billion VND.
Defendant Dinh Quoc Thang, former Head of the Supervisory Board of SCB, discovered numerous irregularities and submitted dozens of reports to the SCB Board of Directors, but they were not considered.
Theo Trương Mỹ Lan, tòa 19 Nguyễn Huệ (Quận 1, TP.HCM) - SCB thuê làm hội sở đã hơn 1 năm chưa trả tiền nên đề nghị HĐXX xem xét thu hồi tiền để khắc phục hậu quả.
Truong My Lan testified that she only held about 5% of SCB Bank's shares, while the remaining 30% was obtained through guarantees and lobbying with friends abroad, not 91% as stated in the indictment.
Vo Tan Hoang Van admitted to the act and maintained his testimony in court, stating that "SCB Bank was a tool used by Truong My Lan to profit illegally."
During the questioning phase, the representative of the Ho Chi Minh City People's Procuracy outlined 10 methods and tricks that Truong My Lan and her accomplices used to embezzle 1 trillion VND from SCB Bank.
Dẫn ví dụ các vụ án điển hình FLC, Tân Hoàng Minh, SCB, Trung tướng Tô Ân Xô cho biết sau các vụ này, người nào có ý đồ phạm tội thì sẽ bị nao núng, chùn bước.
SCB Bank will close several transaction offices starting tomorrow, including the Tan Dinh branch in Thi Nghe, and the Hoc Mon branch in Hiep Thanh...
Members of Parliament argue that identifying the true owners of banks, whether individuals or organizations, is crucial to combating cross-ownership and manipulation of the banking system.
According to the Deputy Head of the Central Internal Affairs Commission, the fact that the head of the inspection team received over 5 million USD in the Van Thinh Phat case is the largest bribe ever received.
The Standing Deputy Governor of the State Bank of Vietnam (SBV), Dao Minh Tu, has just presented the decision to appoint Mr. Phan Dinh Dien as Chairman of the Board of Directors of SCB.
Sacombank has recently sent a document to relevant authorities regarding the posting of false information that infringes upon the reputation and image of individuals and organizations on social media.
Many lawyers have analyzed the details and circumstances of the case involving SCB bank and Manulife's joint insurance sales, which is causing outrage among many customers.
Deposit interest rates at a number of banks have decreased to 9,5% per year following a proposal from the Banking Association, but some banks still maintain higher rates.
According to the Ministry of Finance, the difficulties facing the corporate bond market include: a decrease in the volume of new bond issuance; an increase in the volume of buybacks; and the phenomenon of investors selling back bonds.
Ho Chi Minh City leaders have instructed SCB Bank to provide clear information, along with explanations, in a courteous and polite manner, and to understand the concerns of the people in order to provide support, and absolutely not to evade responsibility.
On the evening of November 6th, Saigon Commercial Bank (SCB) sent an open letter to its customers providing further information on issues related to the purchase and sale of corporate bonds.
The State Bank of Vietnam has just issued a statement regarding its decision to place Saigon Commercial Joint Stock Bank (SCB) under special supervision.
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