First merged bank officially inaugurated

First merged bank officially inaugurated

Saigon Commercial Bank (SCB), the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, yesterday officially became operational one month after completing procedures for the merger.
Banks merge as State Bank takes bold action

Banks merge as State Bank takes bold action

The restructuring of Vietnam’s banking system is hotting up with three private domestic banks about to merge.