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weak banks
Update news weak banks
Foreign investors eye Vietnam’s weak banks
Many large multi-national groups have showed interest in the weak banks Vietnam wants to sell. However, they have not moved ahead to implement the plans.
Buyers shun weak Vietnamese banks
Is restricted licensing to 100 percent foreign-owned banks the right way to save weak Vietnamese banks?
Vietnam expects foreign capital to help restructure weak banks
VietNamNet Bridge - In the context of limited domestic resources, attracting foreign capital to banks is seen as a viable solution to bank restructuring.
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.
M&A activity tipped for another strong year
VietNamNet Bridge – In an interview late last year with a Wall Street Journal reporter, the State Bank of Vietnam’s Deputy Governor Nguyen Thi Hong said it was encouraging weak banks to voluntarily restructure themselves in 2015
Why are weak banks allowed to live?
VietNamNet Bridge – Even though It is difficult to find investors who want to take over banks on the verge of ruin, very few banks are going bankrupt.
Six to seven banks to be merged, says Central bank’s Governor
Six or seven banks are to be merged this year, according to information disclosed by Nguyen Van Binh, Governor of the State Bank of Vietnam, at the monthly government meeting on April 1. This will bring the number of dissolved banks to seven to ten.
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.
Foreign investment in Vietnam banks encouraged
VietNamNet Bridge – The State Bank of Vietnam (SBV) encourages foreign credit institutions to contribute capital and purchase shares of Vietnamese credit institutions while continuing to evaluate and identify some weak banks to take on restructuring.
Banks await lift in foreign ownership
VietNamNet Bridge – Many banks, including the major ones, are expecting the Government to increase foreign ownership cap in the banking sector and are ready with plans to sell strategic stakes, Vietnam Investment Review has reported.
The major operation succeeds at 8/9 weak banks
VietNamNet Bridge – The compulsory restructuring of 8 out of the 9 weak banks has completed successfully.
SBV allowed to hold stakes in weak banks
VietNamNet Bridge – The State Bank of Vietnam (SBV) will be able to acquire stakes in those banks kept under special control when Decision 48/2013/QD-TTg of the Prime Minister takes effect on September 20.
New rule aims to reduce number of weak banks
VietNamNet Bridge – Under performing banks may have to file for bankruptcy if they cannot meet new conditions set out by the central bank under a recently issued circular that is effective on April 27.
