Two Sacombank employees arrested for suspected embezzlement

By Thai Ha, Tri Duc
Wed, November 23, 2022 | 11:30 pm GMT+7

Khanh Hoa police have arrested two employees of Sacombank's Cam Ranh branch for suspected embezzlement of money from the private bank's customers.

Nguyen Thi Thanh Ha, 47, former deputy branch manager, and Ngo Thi Hong Nhan, former cashier, were arrested Wednesday.

Two other employees, Nguyen Tra My and Ngo Nu Hong Hai, have also been placed under investigation, but not detained.

The four are suspected of embezzling VND100 billion ($4.02 million) from the bank's customers.

The suspected embezzlement was discovered when the depositors could not withdraw their money from their bank accounts and reported the issue to the police.

Cam Ranh branch of Sacombank in Khanh Hoa province, south-central Vietnam. Photo courtesy of VOV newspaper.

Cam Ranh branch of Sacombank in Khanh Hoa province, south-central Vietnam. Photo courtesy of VOV newspaper.

The Khanh Hoa branch of the State Bank of Vietnam has asked Sacombank to clarify the issue.

It said that if the staff had taken advantage of the bank's prestige to embezzle its customers' money, the bank would be responsible for repaying the customers.

Sacombank has laid off the four employees and transferred related documents to the provincial police for investigation.

Comments (0)
  • Read More
Vietnam's 16% credit growth target for 2025 achievable: StanChart exec 

Vietnam's 16% credit growth target for 2025 achievable: StanChart exec 

2024 was a difficult year, but Vietnam's credit growth was still over 15%, and this year's 16% target, as directed by the State Bank, is achievable, said Nguyen Thuy Hanh, Standard Chartered Vietnam's CEO and head of banking & coverage.

Economy - Fri, February 21, 2025 | 9:02 am GMT+7

Vietnam’s leading IP builder Idico books record net profit in 2024 on strong sales

Vietnam’s leading IP builder Idico books record net profit in 2024 on strong sales

Idico Corporation, a leading industrial park developer in Vietnam, reported a record-high net profit of VND1.99 trillion ($78.21 million) in 2024, up 43% year-on-year.

Companies - Fri, February 21, 2025 | 8:23 am GMT+7

S Korea's powdered milk export to ASEAN soars

S Korea's powdered milk export to ASEAN soars

South Korea's powdered milk products have surged in popularity across Southeast Asia, with exports nearly tripling over the past decade as demand for Korean formula milk remains on the rise.

Southeast Asia - Thu, February 20, 2025 | 9:42 pm GMT+7

Singapore's economy projected to grow 1-3% this year

Singapore's economy projected to grow 1-3% this year

The Singaporean Ministry of Trade and Industry has forecast the country’s economic growth to range between 1-3% in 2025.

Southeast Asia - Thu, February 20, 2025 | 9:39 pm GMT+7

Philippines considers nickel export ban

Philippines considers nickel export ban

The Philippine Government is considering a ban on raw nickel ore exports to boost its domestic processing industry.

Southeast Asia - Thu, February 20, 2025 | 9:37 pm GMT+7

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler has ranked Vietnam as one of the most budget-friendly destinations for travel in 2025, with Phu Quoc being highlighted as a must-visit location in the S-shaped country thanks to its pristine beaches and resorts that "cannot be found anywhere else."

Travel - Thu, February 20, 2025 | 9:31 pm GMT+7

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc, deputy Party chief of Ho Chi Minh City, was elected Chairman of the southern economic hub on Thursday.

Politics - Thu, February 20, 2025 | 8:16 pm GMT+7

Standard Chartered Hanoi Heritage Marathon set to take place in Nov

Standard Chartered Hanoi Heritage Marathon set to take place in Nov

The Standard Chartered Hanoi Heritage Marathon, the 10th race in the globally renowned Standard Chartered Marathon series, will take place in Hanoi on November 9, 2025, following the success of its inaugural event in November last year.

Travel - Thu, February 20, 2025 | 5:06 pm GMT+7

UAE’s DP World to help southern Vietnam province build free trade zone

UAE’s DP World to help southern Vietnam province build free trade zone

The UAE-headquartered DP World, a global leader in logistics, will help the southern coastal province of Ba Ria-Vung Tau build a free trade zone (FTZ), the first of its kind in southeastern Vietnam.

Infrastructure - Thu, February 20, 2025 | 4:47 pm GMT+7

Vietnam to develop offshore wind power after 2030: ministry

Vietnam to develop offshore wind power after 2030: ministry

The Vietnamese Ministry of Industry and Trade has proposed delaying the development of offshore wind power until after 2030, instead of meeting the initial target of 6,000 MW within the next five years.

Energy - Thu, February 20, 2025 | 4:38 pm GMT+7

Mining, steel, construction firms set to capitalize on Vietnam's nuclear power development

Mining, steel, construction firms set to capitalize on Vietnam's nuclear power development

The mining sector is expected to benefit significantly from the development of the Ninh Thuan nuclear power plants in Vietnam, said Nguyen The Minh, head of research at broker Yuanta Securities Vietnam.

Industries - Thu, February 20, 2025 | 3:28 pm GMT+7

$1.9 bln LNG power project in northern Vietnam calls for mine clearance bids

$1.9 bln LNG power project in northern Vietnam calls for mine clearance bids

The $1.9 billion Quang Ninh LNG power plant, the first such facility in northern Vietnam, is inviting bids for the mines and explosives clearance package.

Energy - Thu, February 20, 2025 | 2:20 pm GMT+7

Steel maker Hoa Sen to pour $90 mln into central Vietnam factory expansion

Steel maker Hoa Sen to pour $90 mln into central Vietnam factory expansion

Hoa Sen Nhon Hoi-Binh Dinh One Member LLC, a subsidiary of Hoa Sen Group, will invest over VND2.3 trillion (over $90 million) to expand its steel plant in the south-central province of Binh Dinh.

Industries - Thu, February 20, 2025 | 11:48 am GMT+7

Samsung’s profit falls in Vietnam, doubles globally in 2024

Samsung’s profit falls in Vietnam, doubles globally in 2024

Samsung Electronics recorded a profit of $25.3 billion in 2024, up 122% year-on-year, but the total profit of its four major factories in Vietnam fell 11.4% to $3.2 billion.

Companies - Thu, February 20, 2025 | 10:23 am GMT+7

Serviced apartments see strong growth in Hanoi, face challenges in HCMC

Serviced apartments see strong growth in Hanoi, face challenges in HCMC

The serviced apartment market in Hanoi experienced significant growth in 2024, driven by strong foreign direct investment (FDI) flows, while it faced challenges from declining FDI and increasing competition in Ho Chi Minh City.

Real Estate - Thu, February 20, 2025 | 8:15 am GMT+7

Swedish textile firm Syre eyes $1 bln fiber factory in central Vietnam

Swedish textile firm Syre eyes $1 bln fiber factory in central Vietnam

Sweden’s textile company Syre wishes to invest in a polyester fiber recycling factory in the south-central province of Binh Dinh, with an estimated investment ranging from $700 million to over $1 billion.

Industries - Wed, February 19, 2025 | 9:50 pm GMT+7