Massive fraud case exposes Vietnam’s corrupt bank system

Stacks of the Vietnamese currency, the dong, are counted out by a bank employee in a file photo. Photo: AFP/Hoang Dinh Nam

The financial crisis of 2008 showed just how much the world depends on banks being well run. Since then, regulators have been given new powers to keep some of the biggest institutions on a much shorter leash to stamp out risk, greed and corruption. But this approach hasn’t worked everywhere. On April 11, 2024, a […]

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