Hundreds of Millions Vanish from Bank Accounts in Hanoi
Customers of the Vietnam Maritime Bank's Thanh Xuan branch in Hanoi were shocked earlier this year to discover that over 338 billion dong (approximately 15 million USD) had disappeared from their savings accounts overnight. The incident has attracted significant public attention and raised
Switching to savings accounts
The number of current account savings accounts (CASA) held by individuals has declined though it had been projected to increase on fast online payment growth which would lead to cash payments dipping CASAs plunge The past two years saw strong growth in CASAs thanks to banks pushing for electronic