vietnam finalises valuation of three banks for mandatory acquisition

Vietnam finalises valuation of three banks for mandatory acquisition

The Vietnamese government has completed the valuation of three banks for mandatory acquisition, with plans to present the proposal for approval in May, aiming to finalise the process by the end of the year.
truong my lan appeals against death sentence in bank fraud case

Truong My Lan appeals against death sentence in bank fraud case

Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, on April 26 filed an appeal against the entire first-instance verdict in the case that occurred at Van Thinh Phat Group JSC, Saigon Commercial Bank (SCB) and relevant companies, units and organisations.
sbv outlines restructuring plans for troubled scb

SBV outlines restructuring plans for troubled SCB

During a press briefing on April 19, Dao Minh Tu, Geputy Governor of the State Bank of Vietnam (SBV), detailed the government’s strategy for aiding the beleaguered Saigon Commercial Bank (SCB).
scb van thinh phat execs convicted of embezzlement truong my lan sentenced to death

SCB, Van Thinh Phat execs convicted of embezzlement; Truong My Lan sentenced to death

Ho Chi Minh City People's Court has found former executives of Saigon Commercial Bank (SCB) and Van Thinh Phat Group guilty of embezzlement, and Truong My Lan was sentenced to death after being convicted of three charges, and was also ordered to return nearly $26.97 billion.
home credit to sell vietnam wing to scb

Home Credit to sell Vietnam wing to SCB​

Home Credit Group announced on February 28 that it has signed a conditional framework agreement to sell its Home Credit Vietnam business to The Siam Commercial Bank Public Co., Ltd. (SCB), part of SCBX Public Co., Ltd. (SCBX).
thailands scb poised to acquire home credit vietnam

Thailand's SCB poised to acquire Home Credit Vietnam

SCB X Pcl, the largest bank in Thailand based on market value, is nearing an agreement to acquire Home Credit's Vietnamese operations.
competition heats up for acquisition of home credit vietnam

Competition heats up for acquisition of Home Credit Vietnam

KBank, KB Kookmin, SCB X are shortlisted into the next round of acquisition of Home Credit Vietnam, one of the leading consumer finance companies in the Vietnamese market.
agribank board member becomes new chairman of scb

Agribank board member becomes new chairman of SCB

Phan Dinh Dien, a member of Board of Directors of Agribank, has been appointed chairman of the Saigon CommercialBank (SCB) effective September 22, following a decision by the State Bank of Vietnam (SBV).
sbv proposes restructuring of scb

SBV proposes restructuring of SCB

Saigon Commercial Bank (SCB) is set to undergo a restructuring process, pending the government's assessment and subsequent decision.
vietnamese government urges sbv to address scb concerns

Vietnamese government urges SBV to address SCB concerns

The restructuring process of Saigon Commercial Bank (SCB) has been brought to the forefront of discussions with a number of closures.
scb announces branch closures amidst restructuring

SCB announces branch closures amidst restructuring

Saigon Commercial Joint-Stock Bank (SCB) is closing several branches as part of its restructuring efforts. The bank has reassured customers that their rights and transactions are guaranteed, and that it is complying with directives laid out by the State Bank of Vietnam (SBV).
manulife vietnam repays over 34 million in light of accusations

Manulife Vietnam repays over $34 million in light of accusations

Manulife Vietnam has received 6,060 complaints, resolving 3,553 and refunding over VND800 billion ($34.79 million) regarding allegations against it and SCB of insurance contract deception.
scb appoints new chairman and board members

SCB appoints new chairman and board members

The new members of SCB's Board of Directors come from four state-owned banks, with SCB now under special supervision.
thai electronic exports forecast to grow 41pc in 2022

Thai electronic exports forecast to grow 4.1pc in 2022

The Siam Commercial Bank (SCB) projects exports of Thai electronic products will rise by a modest 4.1pc this year from 4.22 billion USD earned in 2021.
gender equality deemed essential towards building sustainable society

Gender equality deemed essential towards building sustainable society

In many cultures across the globe, gender equality is deemed crucial when building a sustainable society. VIR's Hong Dung spoke with Michele Wee, CEO of Standard Chartered Bank Vietnam (SCBVL), about the role of women in driving development and promoting gender equality and the bank's achievements in its gender equality agenda.