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🇻🇳 Vietnam /Economy & Trade

Vingroup Corrects 13 Trillion-Dong Deposit Disclosure: It Was Sacombank, Not SCB

From Tuổi Trẻ · () Vietnamese

Translated from Vietnamese and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Vingroup said a presentation error caused two versions of its 2026 reviewed interim consolidated financial statements to name different banks for a deposit exceeding 13 trillion dong.
  • The correct institution is Saigon Thuong Tin Commercial Joint Stock Bank, known as Sacombank, rather than Saigon Commercial Bank, or SCB.
  • The company submitted the correction to securities regulators and stock exchanges after the discrepancy appeared in its deposit disclosures.

Vingroup has clarified that its deposit of more than 13 trillion dong is held at Sacombank, not SCB, after two versions of the company’s financial statements gave different names for the bank.

The conglomerate said the discrepancy resulted from a presentation error in its reviewed interim consolidated financial statements for the first half of 2026. On Sept. 4, Vingroup sent a document to the State Securities Commission and the exchanges correcting the disclosure.

Vingroup had published the reviewed interim statements on Aug. 29 through the regulator’s information-disclosure system and the Ho Chi Minh Stock Exchange. In the note detailing non-term deposits at banks accounting for at least 10% of the total, one version identified Saigon Commercial Bank. A version posted on the company’s website identified Saigon Thuong Tin Commercial Joint Stock Bank.

The company said the latter name is correct. That bank is Sacombank, formally Saigon Thuong Tin Commercial Joint Stock Bank. Saigon Commercial Bank, or SCB, is a different institution. Vingroup said it was correcting the information because of “a presentation error during the preparation of the financial statements.”

A presentation error during the preparation of the financial statements.

· VingroupThe company’s explanation for why two versions of its interim financial statements named different banks.
About this summary

Originally published by Tuổi Trẻ in Vietnamese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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