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Tuesday, November 21, 2023

A banking crisis is developing in Vietnam. - Part 4

https://e.vnexpress.net/news/business/companies/how-van-thinh-phat-chairwoman-withdrew-44b-from-lender-scb-4678721.html

A Vietnamese woman had stolen US$44B from a bank and this amount constituted more than 10% of Vietnam GDP (around US$400B).

With this latest heist and the ongoing property crisis in Vietnam, the banking industry is in dire straits now.

https://sg-stock.blogspot.com/2023/11/a-banking-crisis-is-developing-in.html

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