Sacombank chairman clears the air on Van Thinh Phat allegations

Sacombank chairman clears the air on Van Thinh Phat allegations

Sacombank's chairman Duong Cong Minh has distanced himself and the bank from any involvement with Truong My Lan and the issues surrounding Van Thinh Phat.
SBV outlines restructuring plans for troubled SCB

SBV outlines restructuring plans for troubled SCB

SBV Deputy Governor Dao Minh Tu revealed the government’s strategy for aiding the beleaguered SCB at a press briefing on April 19.
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

Truong My Lan received a death sentence and was ordered to pay nearly $26.97 billion in compensation.
Truong My Lan sentenced to death in major bank fraud case

Truong My Lan sentenced to death in major bank fraud case

Truong My Lan, Chairwoman of property developer Van Thinh Phat Group, was sentenced to death at the first-instance trial in Ho Chi Minh City on April 11.
Truong My Lan family sells Hong Kong building for $820 million

Truong My Lan family sells Hong Kong building for $820 million

The founder of Van Thinh Phat Group has sold a prime Grade A office building in the heart of Hong Kong.
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

SCB is closing several branches as part of its restructuring efforts, reassuring customers that their rights and transactions are guaranteed.
Chairman of Ho Chi Minh City People's Committee calls for investment

Chairman of Ho Chi Minh City People's Committee calls for investment

Chairman of Ho Chi Minh City People's Committee Phan Van Mai and other leaders on April 13 met with Asian corporations to discuss investment programmes.