HCMC man arrested for misusing money gained from banking error
Nguyen Tam Duy, a 41-year-old man in Ho Chi Minh City, was arrested by local police Wednesday for illegal asset possession.
Nguyen Tam Duy, who took undue advantage of a banking error, at the police station in Tan Phu district, Ho Chi Minh City, southern Vietnam. Photo courtesy of the police.
Duy had visited a bank branch on Tan Thanh street in HCMC’s Tan Phu district to transfer VND1.5 million ($61) into his personal account. However, a negligent bank clerk mistakenly transferred VND1.5 billion ($61,000) to his account.
When Duy returned home, he checked his account and saw a balance of VND1.5 billion. Despite knowing that the bank had made a mistake, he tried to appropriate the money by transferring VND50 million ($2,030) to a friend, asking the latter to withdraw it and give it back to him for spending.
After discovering the mistake, the bank carried out procedures to cancel the transaction, but could only recover VND1.45 billion. Duy was asked to visit the branch, informed of the mistake and requested to return the VND50 million, but he refused.
Since the amount could not be recovered, the bank filed a complaint with the police.
- Related News
- Read More
Vietnam real estate credit situation positive despite bond risks: VIS Rating exec
Credit accessed by Vietnamese real estate businesses has risen by 15-16% so far this year, said Duong Duc Hieu, director of rating and research at Hanoi-based Vietnam Investors Services (VIS Rating).
Real Estate - Fri, November 15, 2024 | 7:45 am GMT+7
WB approves $750 mln loan to boost Philippines' digital transformation
The World Bank (WB) approved a loan of $750 million on Wednesday to help boost digital transformation in the Philippines.
Southeast Asia - Thu, November 14, 2024 | 10:12 pm GMT+7
Google forecasts Indonesia to become Southeast Asia’s largest digital economy
A new report by Google, Temasek, and Bain & Company projects that Indonesia's digital economy will reach a gross merchandise value (GMV) of $90 billion in 2024, an annual increase of 13% and the largest figure in Southeast Asia.
Southeast Asia - Thu, November 14, 2024 | 10:06 pm GMT+7
Sekisui Heim Group targets low-cost housing investment in Vietnam
Japan’s Sekisui Heim Group is looking to implement affordable and social housing projects in Vietnam, says Ryuji Saimon, a representative of the group’s subsidiary, Thai SCG Heim.
Real Estate - Thu, November 14, 2024 | 9:53 pm GMT+7
Thailand launches digital durian initiative to boost farmers’ income
Thailand’s Digital Economy Promotion Agency (DEPA) has kicked off the One Tambon, One Digital (OTOD) "Digital Durian" project to help 8.8 million durian farmers improve their productivity and set Thai durian standards using digital platforms and innovations.
Southeast Asia - Thu, November 14, 2024 | 9:03 pm GMT+7
Vietnam’s resort town Da Lat to have $67 mln ESG realty complex
The One Destination has partnered with a Singapore investor and an institutional fund to build an ESG real estate complex in Vietnam’s famous resort town of Da Lat.
Real Estate - Thu, November 14, 2024 | 7:09 pm GMT+7
Vietnam prepares for 11-15% power supply growth in 2025: ministry
Vietnam expects its electricity supply to grow 11-15% in 2025, Minister of Industry and Trade Nguyen Hong Dien said Thursday, while asking relevant state agencies and power suppliers to make utmost preparations.
Energy - Thu, November 14, 2024 | 7:05 pm GMT+7
S Korea’s Kumho Tire to raise investment in Vietnam province to $908 mln
South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million.
Industries - Thu, November 14, 2024 | 3:45 pm GMT+7
Former transport minister Nguyen Van The faces disciplinary action for Thuan An Group-related violations
Vietnam's Central Inspection Committee has proposed disciplining Nguyen Van The, former Minister of Transport.
Politics - Thu, November 14, 2024 | 2:43 pm GMT+7
Central Vietnam hub Danang seeks investment for urban railway airport link
Da Nang is calling for investment in a major urban railway project that will connect the Danang International Airport with the central city’s famous My Khe Beach.
Infrastructure - Thu, November 14, 2024 | 2:21 pm GMT+7
HSBC provides first green trade facility in Vietnam’s seafood industry
HSBC Vietnam has entered an agreement to provide green trade financing to Vinh Hoan Corporation, marking the first ever green facility that the former has arranged for the latter and for the seafood sector.
Banking - Thu, November 14, 2024 | 2:11 pm GMT+7
Thailand’s Central Retail opens $17 mln mall in southern Vietnam
Thailand’s leading retailer Central Retail has launched its 41st Vietnam outlet, the GO! Bac Lieu mall, in the eponymous Mekong Delta province.
Industries - Thu, November 14, 2024 | 1:47 pm GMT+7
Taiwan cooling solution firm AVC to spend $18 mln on building factory in Vietnam
Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will spend VND457.1 billion ($18 million) on building a second phase factory in Vietnam.
Industries - Thu, November 14, 2024 | 11:07 am GMT+7
Vietnam stock market likely to face valuation discounts during Trump’s presidency: analysts
Emerging markets, including Vietnam, may face valuation discounts during President-elect Donald Trump’s second term, say analysts at Vietnam-focused fund management company Dragon Capital.
Finance - Thu, November 14, 2024 | 10:26 am GMT+7
Viettel launches world's first O-RAN 5G network using Qualcomm chipset platforms
Viettel has announced the commercial launch of its Open RAN (O-RAN) 5G Network, featuring key equipment developed in-house, marking the world's first O-RAN 5G network utilizing Qualcomm Technologies' 5G RAN platforms.
Companies - Thu, November 14, 2024 | 9:52 am GMT+7
Malaysia commits to net zero emissions by 2050
Malaysia has committed to achieving net-zero greenhouse gas emissions by 2050, positioning itself as a responsible global player in the fight against climate change despite contributing just 0.8% of global emissions.
Southeast Asia - Thu, November 14, 2024 | 8:25 am GMT+7
