The chairperson of Van Thinh Phat, Lan My Truong, whose arrest last year resulted in a brief run-on Saigon Commercial Bank (SCB) with which she was heavily involved, embezzled between US$12 billion and US$44 billion, VN Express is reporting. Over roughly ten years, Truong embezzled the funds by writing fake loans to withdraw the funds from SCB. She was also able to evade detection by paying off regulators.
Vietnam News Today, September 11 2026, Business & Economy 🇻🇳
In today’s news: Grab response proposed industrial action, Vingroup founder + wife LP Bank ownership, Mortgage rates under pressure, New chemical plant HCMC, Russia
Vietnam News Today, September 10 2026, Business & Economy 🇻🇳
In today’s news: HCMC data centre land lease, Russia-Vietnam strategic oil reserves chats, AI slop factory Hanoi, Government bond auction results, F&B industry revenue
Vietnam News Today, September 09 2026, Business & Economy 🇻🇳
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