- Van Thinh Phat case: SCB and the trick of hiding bad debt, identity of partners
Although most banks publish detailed financial reports, including bad debts and transactions with related parties, SCB's financial reports do not show this information.
In addition, there is the power of the chairman of Van Thinh Phat Group. According to the investigation results of the police investigation agency, the Ministry of Public Security on the case that occurred at SCB and Van Thinh Phat, Ms. Truong My Lan (Chairman of Van Thinh Phat Group), although not holding any position at SCB, was identified as a person with power at this bank because since the merger (in 2012) until now, she has always held the controlling shares from 85% to 91.5%; the remaining shares (<10%) are held by more than 4,000 small shareholders. (See more)
- Truong My Lan - the true face of the tycoon with a huge business ecosystem, appropriating tens of billions of USD
Ms. Truong My Lan's Van Thinh Phat ecosystem includes thousands of businesses, and was concluded to have appropriated hundreds of thousands of billions of VND through credit with SCB Bank and through the issuance of corporate bonds.
Over the past decade, Van Thinh Phat has been considered one of the leading corporations in Vietnam in the field of real estate investment and business, with a very strong financial potential, often present in very large projects and famous acquisitions. In addition to her reputation in business, this businesswoman has been mentioned many times in scandals. (See more)
- Why do SeABank leaders want to sell almost all of their shares?
It is expected that the acting general director and 7 deputy general directors will register to sell more than 22 million shares out of the total of more than 24 million shares held by SSB. A representative of SeABank has spoken up to explain this.
SeABank representative said that the leaders registered to sell shares to restructure their personal finances according to agreed transactions. These are all people who have committed to working long-term with the bank (according to Tuoi Tre).
- Strengthen inspection and testing of electronic invoice use
In Official Dispatch No. 1123/CD-TTg, Prime Minister Pham Minh Chinh requested ministries, branches and localities to strengthen the management and use of electronic invoices, contributing to promoting digital transformation. The Prime Minister requested the Ministry of Finance to preside over and coordinate with relevant agencies to closely monitor and strengthen inspection and examination of the issuance and use of electronic invoices. (See more)
- Hanoi City is the representative owner of Hoa Lac High-Tech Park Development Company Limited.
Deputy Prime Minister Le Minh Khai has just signed Official Dispatch No. 1112/TTg-DMDN dated November 18, 2023, agreeing to approve the policy of transferring the right to represent the state capital ownership for Hoa Lac High-Tech Park Development Company Limited from the Ministry of Science and Technology to the Hanoi People's Committee.
The document clearly stated that it agreed to approve the policy of transferring the right to represent the state capital ownership of Hoa Lac High-Tech Park Development Company Limited from the Ministry of Science and Technology to the Hanoi People's Committee (according to VTV).
- Many businesses offer up to 70% off on Black Friday
Black Friday takes place on Friday (November 24), but many stores have already started Early Black Friday promotions. During this peak period, businesses will start promotions of up to 70%. In particular, businesses will sell products that can be used for a long time for customers to save money (according to VTV).
- Banks 'big discounts' hundreds of billions of bad debts of businesses
VietinBank, Agribank, and BIDV are urgently handling "huge" debts. Among the debts worth hundreds of billions of VND that banks are offering for sale, there is a debt that was first offered for 530 billion VND but after a year it is only 60 billion VND but it is still very difficult to find a buyer. (See more)
- 7% interest rate disappears, which bank has the best interest rate?
Except for a few banks that apply a "special interest rate" policy for VIP customers with deposit balances of hundreds of billions of VND, online deposit interest rates are currently commonly below 6%/year.
According to statistics as of November 17, there are currently only 7 banks maintaining deposit interest rates of 6%/year for 15-month terms. 14 banks still maintain interest rates of 6% for 18-month terms. 15 banks maintain this interest rate for terms of 24-36 months. (See more)
Gold prices today, November 19, on the international market are forecast by experts to decrease slightly before entering a new price increase and may reach the threshold of 2,000 USD/ounce.
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