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VPBankS is set to launch its Initial Public Offering (IPO) of 375 million shares at a price of 33,900 VND per share, commencing on October 10, 2025.

Authorities report that in cases of online fraud, the majority of stolen funds have been converted into cryptocurrency through transactions on international exchanges. Statistics reveal that between December 2019 and May 2024, nearly 20,000 fraud cases were detected, involving over 17,000 perpetrators and causing losses exceeding 12 trillion Vietnamese dong.

Following the negative news, the stock plummeted by its maximum daily limit of 7%, with no buyers in sight as relentless selling pressure continued to mount.