Bank merger deals near

maritime bank

The banking sector is likely to see a series of merger and acquisition deals in the next few months after a series of banks announced their plans to merge with other credit institutions. An insider told VIR last week that Mekong Development Bank (MDP) was about to merge with Maritime Bank. The source added that the deal had already been approved by More...

by BTimes | Published 7 hours ago

State treasury sells VND3.873 Tln G-Bonds on Arp 17

The State Treasury on April 17, 2014 sold VND3.873 trillion government bonds out of VND8 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 5.66-7.24% p.a, local newswire NDH reported. In the More...

April 18th, 2014

April 18: Vietnam central bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Friday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 18th, 2014

Vietnam central bank net withdraws VND7,708 Bln on Apr 17

The State Bank of Vietnam (SBV) net withdrew VND7,708 billion on April 17, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV neither pumped nor withdrew any money through open More...

April 18th, 2014

Small banks undergo restructuring through M&A

Small banks merging into bigger banks is becoming a growing trend in Vietnam. The State Bank of Vietnam (SBV) said it wants to reduce the number of commercial banks by half after three years, according to an article More...

April 18th, 2014

Banks still bear risks even after selling debts to VAMC

International institutions are remaining doubtful about the ability of the Vietnam Asset Management Company (VAMC) to settle bad debts. Moody’s, in its latest report, warned that although the bad debts have been More...

April 17th, 2014

Tightening banking operations

After a year of considerable success in restructuring 9 weakest commercial banks, M&A of Vietnamese banks continues this year. Moreover, the State Bank of Vietnam (SBV) has issued many regulations on banking More...

April 17th, 2014

Vietnam public debt nears red line after topping $90 bln in 2012: expert

Vietnam’s public debt to GDP ratio will “cross the red line” soon although it remains within a safe limit now, a department head of the National Economics University has warned…. By the end of 2012, More...

April 17th, 2014

April 16: Vietnam central bank keeps Dollar exchange at VND21,036

Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official More...

April 16th, 2014

Bank restructuring path trends towards the merger

Small banks merging into bigger banks is becoming a growing trend in Vietnam. This is what the State Bank wants to see to implement its plan to halve the number of commercial banks after three years. A senior official More...

April 16th, 2014