Banks not in haste to establish financial firms

Banks not in haste to establish financial firms

Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.
Government okays Vietcombank stake sale to foreign investors

Government okays Vietcombank stake sale to foreign investors

Vietcombank is expected to sell a total of 10 per cent (over 350 million shares) in a separate issuance and/or through public auction to foreign investors.
Foreign investment streams accelerate bank restructuring

Foreign investment streams accelerate bank restructuring

Over the last thirteen months, foreign investment into local financial institutions not only bolstered M&A, but also sped up the restructuring process at FIs.
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