Police in An Giang province have prosecuted and ordered pretrial detention of Lương Phú Quới, a branch director at a bank in the province, on charges of fraud to appropriate property. According to investigators, due to heavy personal debts, Quới exploited his position by claiming he needed money to refinance bank loans, with the aim of taking it. On December 12, 2024, Mr. Đ.V.M lent him 1.2 billion VND, but Quới used the money to pay debts owed to others and then fled. He was found in Đồng Nai on October 8, 2026, and admitted his wrongdoing. Police ask any other victims to contact the investigation office to expand the case.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một Giám đốc phòng giao dịch ngân hàng bị bắt: Công an đề nghị những ai là người bị hại liên hệ ngay
Related news
- A Bank Announces It Will Close 3 Transaction Offices This Month
KienlongBank (Ngân hàng TMCP Kiên Long) announced that its Đức Hòa, Thới Bình and Thoại Sơn transaction offices will cease operations from 24/10/2026, according to a notice dated 14/10. The bank said the network reorganisation is part of its transition to a new service model, tied to accelerated digitalisation and multi-channel banking. Customers can continue to be served by other branches and transaction offices in the same or nearby areas, at X-Digi digital banking booths, and through the KienlongBank Plus app. Under its 2026-2030 strategy, the bank aims to build a data-driven, multi-channel bank and to further expand its use of artificial intelligence (AI).
- AI Has Driven Bond Yields Higher, Says JPMorgan's Priya Misra — Sees Bonds As Hedge Against AI Trade
JPMorgan Asset Management's Priya Misra says AI investment has helped push bond yields higher, partly due to economic resilience and AI-driven competition for capital, and that much of the rise in longer-term yields reflects higher real rates rather than inflation expectations. The 10-year U.S. Treasury yield was around 5.09% on Friday morning, down from about 5.24% at the end of the previous week as AI stocks came under pressure. Misra sees markets pricing in three Fed hikes as overdone, attributes inflation mainly to supply shocks such as tariffs and oil, and describes AI as a structural demand shock. She still views U.S. Treasuries as a safe haven and high-quality fixed income yielding 6% to 7% as an attractive hedge against weakness in the AI trade, while warning that sufficiently high real rates could cause something to break.
- Traders pile into bonds and defensive stocks as the 'tech wreck' picks up steam
As the sell-off in AI-linked shares continued, investors moved into government bonds and defensive sectors such as consumer staples and healthcare. The 10-year Treasury yield fell 14 basis points to 5.064%, on track for its largest one-day decline in over a year, while the 30-year yield dropped 13 basis points to 5.394%. Bonds rallied even though a hotter-than-expected PPI report raised the odds of a Federal Reserve rate hike this month, as worries that a slowdown in AI spending could weigh on growth outweighed inflation concerns. Mike Thompson of Little Harbor Advisors suggested the rally may have been amplified by heavy bets against Treasury futures, which CFTC data showed had reached extreme levels. The VIX, the 'fear gauge', stood slightly above 17, below its long-term average of closer to 20.
- Traders pile into bonds and defensive stocks as the ‘tech wreck’ picks up steam
- Call on former VNCB Deputy General Director to surrender
Vietnam's Supreme People's Procuracy (Department 3) has called on Đỗ Hoàng Linh and Trần Trọng Nghĩa, both former VNCB officials, to surrender during the prosecution stage. On October 4, the Ministry of Public Security's investigation police sent their case conclusion No. 96 and the case file, recommending prosecution for violating lending rules at credit institutions under Article 179 of the 1999 Penal Code. Both are fugitives subject to wanted notices issued in 2015 and 2018. Surrendering would allow them to seek leniency and exercise their defense rights, while continued flight would be treated as a waiver of those rights, with prosecution and trial proceeding. Linh was previously sentenced in 1999 to three years in prison, suspended, for fraud.
- ADB Appoints New Country Director in Vietnam
Scott Roberts, who has 27 years of international development experience including 16 at ADB, has been named the bank's new Country Director for Vietnam, ADB announced on Oct. 16. He previously headed the ASEAN Power Grid and the Special Fund, overseeing a $10 billion investment target to strengthen connectivity across Southeast Asia. The new director will represent ADB in policy dialogue and lead the Country Partnership Strategy, which focuses on green and inclusive growth, climate resilience, and a more competitive, private-sector-led economy. Roberts pledged to help Vietnam achieve these goals through infrastructure financing, innovation and private capital mobilization.
Related markets
Latest news
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers
At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.
- UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.
UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.
- Asian shares mostly decline after AI stocks lead a rebound on Wall Street
Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.
- What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?
X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.