Chu Thi Binh fully repaid by Eximbank

August 28, 2018 | 15:41
Eximbank has paid client Chu Thi Binh the remaining VND152 billion ($6.7 million) out of a total of VND245 billion ($10.8 million) embezzled from her saving books.
chu thi binh fully repaid by eximbank
Chu Thi Binh received all of her money lost at Eximbank

Eximbank has just announced finishing the compensation of Chu Thi Binh, repaying her the VND245 billion ($10.8 million) that she previously deposited at the bank. Two months ago, the bank returned VND93 billion ($4.1 million) to Binh. In this last round of compensation last week, the bank paid VND152 billion ($6.7 million).

The representative of Eximbank said that the incident was very complicated and is beyond the capabilities of the bank to resolve on its own, especially while defendant Le Nguyen Hung is still wanted. Eximbank has been collaborating with the investigation agency to clarify responsibility behind this incident.

Additionally, Eximbank has proactively met and negotiated with the client to find a reasonable solution.

“I highly appreciate the efforts and goodwill of Eximbank during the negotiations. The two sides negotiated with the legitimate interests of each party at heart,” Binh said.

She also committed to continue using the financial services of Eximbank, saying all of the compensated money will be deposited at the bank, according to

Earlier in 2013, Binh deposited a total of VND301 billion ($13.3 million) in three saving books. In February 2017, she contacted the bank to withdraw the money when the books reached their maturity, but Eximbank said her deposits were no longer in the system.

She asked to check all saving books and realised that VND245 billion ($10.8 million) had been withdrawn while she was holding the books.

It is alleged that Le Nguyen Hung, former deputy director of Eximbank’s branch in Ho Chi Minh City falsified documents to withdraw money from her saving books.

In March 2018, Eximbank offered VND14.8 billion ($650,000) as advance compensation, but Binh declined, asking the bank to repay her in full. The two sides did not reach a consensus until two months ago, when the client agreed to receive the first payment of VND93 billion ($4.1 million) in compensation.

By Nguyen Huong

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