Vietnam mounts ‘unprecedented’ $24 billion rescue for financial institution engulfed in large fraud
Enterprise & Finance
17 April 2024, 1:05 pm 1 minute
Reuters solely reported that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Inventory Industrial Financial institution (SCB), a lender engulfed within the nation’s greatest monetary fraud.
Market Impression
As of the beginning of April, the Southeast Asian nation’s central financial institution had pumped $24 billion in “particular loans” into SCB, in keeping with one of many financial institution paperwork seen by Reuters, which quantities to five.6% of the nation’s annual financial output.
Article Tags
Subjects of Curiosity: Enterprise & Finance
Kind: Reuters Greatest
Sectors: Monetary Companies
Areas: Asia
International locations: Vietnam
Win Sorts: Exclusivity
Story Sorts: Unique / Scoop
Media Sorts: Textual content
Buyer Impression: Vital Nationwide Story
