HCM City People’s Supreme Court on Monday heard the trial appeal for the economic mismanagement and misappropriation case at Trust Bank leading to the loss of VND6.3 trillion (US$271 million).
BIDV-SuMi TRUST Leasing Co, Ltd (BSL) officially opened in Ha Noi last week, becoming the first financial leasing joint venture between a Vietnamese bank and a foreign financial institution in Viet Nam, vietnamplus.vn reported.
The Investigation Police Bureau for Economic Management Order Offences (C46) last Friday began criminal proceeding against Hua Thi Phan, a former shareholder of Dai Tin Bank (Trust Bank), now Viet Nam Construction Bank (VNCB), and searched her house and office.
The State Bank of Viet Nam (SBV) on Tuesday gave its in-principle approval for expansion of leasing business between the Bank for Investment and Development of Viet Nam (BIDV) and Sumitomo Mitsui Trust Bank (SMTB).
Seven former officials of Dai Tin Bank (Trust Bank), including former chairman of its board of directors and general director, were arrested and put under temporary detention on Tuesday.
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.
The Bank of Investment and Development of Viet Nam (BIDV) has signed a
Memorandum of Understanding (MoU) to a strategic partnership with
Japan''s giant Sumitomo Mitsui Trust Bank (SuMi TRUST).