Vietnamese bank makes deal with foreign consultant
The Vietnam Public Bank (PVcombank) on November 27 agreed a deal with
the leading global advisor Boston Consulting Group (BCG) to build a
business strategy for the firm.
The Vietnam Public Bank (PVcombank) on November 27 agreed a deal with
the leading global advisor Boston Consulting Group (BCG) to build a
business strategy for the firm.
The six-month project aims to make the bank one of the top credit institutes in Vietnam .
During the project, BCG will help improve capacity for the bank’s staff and officials, while conducting a technology transfer to the bank.
Founded in 1963, BCG is a global management consulting firm and the world's leading advisor on business strategy, with 79 offices in 44 countries.
It partners with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises.
PVcomBank officially debuted on October 3 with assets totalling 100 trillion VND (4.7 billion USD) and charter capital of 9 trillion VND (423 million USD).
It was founded after shareholders of Western Bank and PetroVietnam Finance Corporation, approved a merger.
The establishment of PVcomBank is part of a plan by the State Bank of Vietnam to restructure the banking system, which has seen the mergers and acquisitions of several banks in the last two years.-VNA
The six-month project aims to make the bank one of the top credit institutes in Vietnam .
During the project, BCG will help improve capacity for the bank’s staff and officials, while conducting a technology transfer to the bank.
Founded in 1963, BCG is a global management consulting firm and the world's leading advisor on business strategy, with 79 offices in 44 countries.
It partners with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises.
PVcomBank officially debuted on October 3 with assets totalling 100 trillion VND (4.7 billion USD) and charter capital of 9 trillion VND (423 million USD).
It was founded after shareholders of Western Bank and PetroVietnam Finance Corporation, approved a merger.
The establishment of PVcomBank is part of a plan by the State Bank of Vietnam to restructure the banking system, which has seen the mergers and acquisitions of several banks in the last two years.-VNA
You should also see
Youths' efforts yield socio-economic fruits
Many activities were carried out across the nation during the Vietnam’s Youth Month, an annual festivity taking place in March to celebrate the establishment of the Ho Chi Minh Communist Youth Union (HCYU), contributing to the nation’s socio-economic development, heard a conference held by the union's Central Committee in Hanoi on April 23.
See more
Business
Ca Mau: Conference connects Vietnamese, Chinese firms
A networking conference was held in the Mekong Delta province of Ca Mau on April 24, in a bid to connect 54 local enterprises, mostly operating in the seafood sector, to their Chinese peers.
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
