29-03-2017 21:02
Mergers and acquisitions (M&A) activities in the banking sector in the past two years seem to have cooled down, and without the right policies that would solve major bottlenecks in the process of buying banks, it is unlikely to pick up soon.
23-03-2017 16:26
Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion before and after their 2017 general shareholders’ meeting (GSM).
23-03-2017 16:08
The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.
27-02-2017 21:00
The State Bank of Vietnam (SBV) currently encourages mergers and acquisitions (M&A) for weak credit institutions based on voluntary spirit and the assurance of relevant rights for both parties. However, this will turn into a compulsory activity if these institutions do not volunteer.
25-01-2017 09:37
More foreign companies are expected to enter the Vietnamese consumer finance market by means of mergers and acquisitions.
20-01-2017 07:54
Many commercial banks want more relaxed restrictions on foreign ownership in order to raise capital, resolve bad debts, and speed up restructuring.
07-07-2016 08:57
Britain’s exit from the European Union has led to an increase in the price of gold, which is likely going to continue in the foreseeable future.
28-03-2016 21:16
As the season of annual shareholders’ meetings is coming, banks’ shareholders are looking forward to more mergers and acquisitions in the sector.
21-03-2016 18:36
As the process of restructuring the banking sector is coming to an end, with the number of banks expected to decrease to 15, according to the State Bank of Vietnam (SBV)’s plans, monetary institutions with bad business results and increasing bad debts to restructure are going to see a lot of changes in high personnel.
02-02-2016 17:00
Coconuts are the main farm produce in the Mekong Delta province of Ben Tre. The provincial people, however, have not yet got rich from coconuts until now. This spells the need for a long-term development strategy and an effective cooperation among management authorities, businesses and farmers with a view to pushing up Vietnamese agricultural products development.
07-01-2016 15:03
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.
12-06-2015 18:49
Nguyen Hoang Minh, deputy director of the Ho Chi Minh City branch of the State Bank of Vietnam, shares with VIR’s Thuy Vinh the city’s inward remittance picture during January-May and its growth perspective in 2015.
12-05-2015 15:08
Loan-loss provisions of local banks are expected to mount up in the upcoming months to reach the goal of driving the banking sector’s bad debt rate to below 3 per cent by the end of year.
13-02-2015 10:44
Deputy director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh shares insights with VIR’s Thuy Vinh about the liquidity situation of city-based banks in the period preceding the Lunar New Year as well as the area’s bolstered demand for credit.
31-12-2014 10:04
While local banks may prefer a foreign CEO, some foreign banks are now eyeing Vietnamese CEOs.