Search results
Results from the Tech24 Deals Content Network
Trương Mỹ Lan ( Chinese: 張美蘭, born 13 October 1956) is a Vietnamese businesswoman and convicted criminal. She is the founder of Vạn Thịnh Phát Group, a real estate development group. In October 2022, she was arrested for using fake loan applications to embezzle more than US$12.5 billion from Sai Gon Joint Stock Commercial Bank ...
Sai Gon Joint Stock Commercial Bank or Saigon Commercial Bank, abbreviated as SCB ( Vietnamese: Ngân hàng Thương mại cổ phần Sài Gòn ), [ 3] is the largest commercial bank in Vietnam by assets, founded in 2012 and headquartered in Ho Chi Minh City. [ 4][ 5][ 6] It was founded by the fusion of 3 small banks and was controlled by ...
Nugan Hand Bank was an Australian merchant bank that collapsed in 1980 after the suicide of one of its founders, Australian lawyer Francis John Nugan, resulting in a major scandal. [1] News stories suggested that the bank had been involved in illegal activities, including drug smuggling, arranging weapons deals, and providing a front for the ...
From its software house in Vietnam, 1Byte devised a network of fake identities with forged American passports to cash out customer payments into bank accounts they controlled. It seemed like the ...
The first public reports of these attacks came from thefts from Bangladesh central bank and a bank in Vietnam.. A $101 million theft from the Bangladesh central bank via its account at the New York Federal Reserve Bank was traced to cyber criminals exploiting software vulnerabilities in SWIFT's Alliance Access software, according to a New York Times report.
In the first quarter of 2024, Vietnam’s economy expanded 5.7% year on year. While that was faster than the 3.4% growth reported the previous quarter, it was still a lower-than-expected result ...
Corruption in Vietnam is pervasive and widespread, due to weak legal infrastructure, financial unpredictability, and conflicting and negative bureaucratic decision-making. Surveys from 2015 revealed that while petty corruption decreased slightly throughout the country, high-level corruption significantly increased as a means of abuse of ...
Banking in Vietnam started in 1976 with the State Bank Vietnam, which became the central bank of the country. Vietnam's banks suffer from low public confidence, regulatory and managerial weakness, high levels of non-performing loans (NPL), non-compliance with the Basel capital standards, and the absence of international auditing.