Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud | Reuters News Agency

Vietnam mounts ‘unprecedented’  billion rescue for bank engulfed in giant fraud | Reuters News Agency


Industry & Finance

Reuters exclusively reported that Vietnam has fastened an “unprecedented” rescue of Saigon Joint Store Industrial Storehouse (SCB), a lender engulfed within the nation’s greatest monetary fraud.

Marketplace Affect

As of the beginning of April, the Southeast Asian nation’s central storagefacility had pumped $24 billion in “special loans” into SCB, consistent with one of the most storagefacility paperwork evident via Reuters, which quantities to five.6% of the folk’s annual financial output. 

Article Tags

Subjects of Hobby: Industry & Finance

Sort: Reuters Highest

Sectors: Monetary Services and products

Areas: Asia

Nations: Vietnam

Win Varieties: Exclusivity

Tale Varieties: Unique / Scoop

Media Varieties: Textual content

Buyer Affect: Important Nationwide Tale

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