On June 26, the Hanoi High-Level People's Court sentenced Trinh Van Quyet to seven years in prison for "appropriation of property by fraud." The ruling reduces the previous sentence of 18 years given at the lower court.
"Vietnam Asia Commercial Joint Stock Bank (VietABank) has received approval from the State Bank of Vietnam (SBV) for a capital increase of up to VND 2,764 billion in the first tranche of 2025. This takes the bank's charter capital to VND 8,164 billion.