bank restructuring

Update news bank restructuring

The merger and acquisition market in banking industry in the first half of this year has received new signal when Korean bank became a major shareholders of BIDV in early November with a record M&A deal worth US$890 million.

Vietnamese banks expect big inflow of foreign capital

Tens of trillions of VND is expected to be poured into Vietnamese banks by foreign investors in 2019 and 2020 as negotiations on many deals are running smoothly.

New milestone in Vietnam's bank restructuring roadmap

If Ocean Bank is sold to foreign investors, this will mark a new milestone in the restructuring process and pave the way for more foreign investors to come to Vietnam.

Banks’ M&A plans make little progress

VietNamNet Bridge - Experts earlier this year all predicted that there would be a high number of M&A deals in the banking sector this year. However, this has not occurred.

Bank restructuring: NA weighs in on criminality exemption

A debate ensued in the National Assembly on Thursday morning on the controversial exemption of criminal liability for those in charge of restructuring financially unstable banks.

Restructuring drives changes in banks’ top leader positions

Major local banks see top tier leadership changes as the sector has undergone more than three years of restructuring. This trend is forecasted to ramp up even further when the process enters its final stages. 

Banks rush to change players on chessboard

VietNamNet Bridge - Three banks with no dong have new CEOs and many other banks have appointed their CEOs. The changes in the banking sector have never been so big.

How capable are Vietnamese banks?

VietNamNet Bridge - By 2020, Vietnam will have to open the market in at least 70 percent of the banking and financial services to bankers in ASEAN.

Are Vietnamese bank shares too expensive or dirt cheap?

While foreign finance institutions believe that Vietnamese bank shares prices are the most expensive in frontier markets, Vietnamese shareholders are distressed that bank share prices have not increased as expected.

SBV needs state money to deal with weak finance institutions

VietNamNet Bridge - The bank restructuring process has been going on for four years, but the proposals on tax incentives for banks are still pending.

Merged banks ask for help, want tax reductions

Many commercial banks, which have or plan to make merger and acquisition (M&A) deals in their restructuring process, have asked for the state’s financial support, saying that tax reductions will help them overcome difficulties.

Foreign banks advance slowly but steadily in Vietnam

VietNamNet Bridge - Though foreign banks have expanded their networks and presence in Vietnam, they still have a modest market share in Vietnam.

Are 15 banks enough for Vietnam?

VietNamNet Bridge - In many people’s thoughts, restructuring banks means reducing the number of banks. How many banks will there be in Vietnam when the bank restructuring process is completed?

New order in banking sector established over last five years

VietNamNet Bridge - Big changes have happened to the Vietnamese banking sector over the last five years, with 2015 being the last year for the banking restructuring process, which began in 2011.

Bank M&A deals cool down near year-end

VietNamNet Bridge - Analysts believe Merger & Acquisition (M&A) deals will be quiet for the rest of the year, while deals under negotiation will complete necessary procedures.

Does bank restructuring mean fewer banks?

VietNamNet Bridge - Economists believe that Vietnam’s emerging economy needs a sufficient number of commercial banks to satisfy people’s demand, and that more than 30 banks is ‘more than enough’.

Bank restructuring in good progress: expert

VietNamNet Bridge – Vice Chairman of the National Assembly’s Economic Committee Nguyen Duc Kien spoke with Nhan Dan (People) newspaper about the restructuring of the banking sector and solutions to deal with bad debts.

Bank restructuring path trends towards the merger

 VietNamNet Bridge – 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.

Bank restructuring aims to eliminate weak banks from market

VietNamNet Bridge – An impending merger between Southern Bank and Sacombank is the latest move in Vietnam’s banking restructuring process.  

BUSINESS IN BRIEF 14/12

 US$2 billion to build Vinh Tan thermal power plant; Economic experts expect a modestly positive 2014; Steel exports look beyond US$2 billion in 2013; Auto sales to pick up at year-end; FDI to Vietnam sharply increases