VPBank opens to foreign investors Business

VPBank opens to foreign investors

VPBank has asked shareholders to approve their plan to sell its stakes in several of its subsidiaries to foreign investors, an atypical opportunity for foreigners interested in entering the market.
 SBV reduces control of three banks Business

SBV reduces control of three banks

The State Bank of Vietnam (SBV) is reducing special control on three banks that it acquired with zero dong thanks to the banks' improving liquidity and business performance.
MBBank to merge with Song Da Finance Business

MBBank to merge with Song Da Finance

The Military Commercial Joint Stock Bank will complete its merger with Song Da Finance Company this year, the bank reported on its website after a shareholder meeting on October 6.
Bad debt ratio slashed to 3.21 percent Business

Bad debt ratio slashed to 3.21 percent

From 2012 to August 2015, credit organisations handled 424.14 trillion VND worth of bad debt, bringing the ratio of bad debt to 3.21 percent this August from 4.93 percent in September 2012.