Vietnam's central bank is finalising a report, based on a plan from an unspecified investor, to restructure ailing Saigon ...

Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at the ...

HO CHI MINH – The High People’s Court in HCM City has reduced Vietnamese real estate tycoon Trương Mỹ Lan’s life sentence to ...

HO CHI MINH CITY] Vietnamese property tycoon Truong My Lan on Monday (Apr 21) won an appeal against her life sentence for ...

A Vietnamese property tycoon who was jailed for life in a US$17 billion money laundering case had her sentence cut to 30 ...

Lan owned just 5% of shares in SCB on paper but the court concluded that she effectively controlled more than 90% through family, friends and staff. Tens of thousands of people who had invested ...

Vietnam central bank preparing restructuring plan for troubled lender SCB Vietnam's central bank is drafting a plan to restructure the troubled Saigon Joint Stock Commercial Bank, the lender at ...

Last month, Reuters reported that Vietnam developer Sun Group had proposed a rescue plan for SCB, which entailed the full reimbursement within 15 years of nearly $26 billion the central bank has ...

Truong My Lan had already lost a challenge against the death penalty in a separate case in which she was found guilty of ...

The report gave no details on the plan or a timeframe for its submission. The State Bank of Vietnam placed SCB under its supervision to stem a run on the bank sparked by the October 2022 arrest of ...