The HCM City People''s Court on July 19 opened the first trial on a
corruption case involving over VND9 trillion (US$405 million) and the
Viet Nam Construction Bank (VNCB), the largest economic loss caused by
corruption ever recorded in the country.
The State Bank of Viet Nam (SBV) officially acquired Ocean Bank on May
8, gaining all its equity, including its charter capital of some VND4
trillion (US$190.48 million).
Viet Nam Construction Joint Stock Commercial Bank (VNCB) needs VND40
trillion (US$1.9 billion) to restructure its operations, said Deputy
Governor of the State Bank of Viet Nam Nguyen Phuoc Thanh.