Merger and acquisition (M&A) plans are a topic of discussion at many banks’ shareholder’s meetings.

Weak banks would be put under the special control, forced to merge to others or go bankrupt if necessary.

VietNamNet Bridge – Vietnam’s restructuring banking industry is moving ahead with plans to cut staff after initially announcing plans to cut salaries and bonuses for their staff in the 2013 Lunar New Year. 

Small banks, which are the subjects to the compulsory restructuring in 2012, have geared up for their restructuring plans, when 2012 would finish in a couple of weeks.  

With their confidence in Vietnam’s business environment badly damaged, private entrepreneurs urged the Government to carry out reforms while ensuring macroeconomic stability in order to overcome the current difficult situation.

The central bank’s inspection at nine local lenders has been complete but the restructuring of the local banking system and the handling of weak commercial banks have fallen behind schedule,