Bank merger raises concerns
January 08, 2013 | 11:30
Some business observers have expressed doubts about the efficacy of the merger between PetroVietnam Finance and Western Bank, the first merger ever between a finance company and a bank in Vietnam.
PetroVietnam Finance’s dramatic profit U-turn
December 18, 2012 | 16:49
Vietnam’s biggest finance company, PetroVietnam Finance, is shrinking its profit target to one-tenth of its initial goal, reflecting the rippling consequence of bad debt issued in the local economy.
PVFC might use Western Bank as a bridge to change its status
August 20, 2012 | 11:28
PetroVietnam Finance Corp. was reportedly eyeing to buy into poorly performing Western Bank so as to turn itself into a commercial bank.
Market malaise stings PVFC
August 26, 2011 | 08:58
PetroVietnam’s financial arm, PetroVietnam Finance Corp. (PVFC), has posted a Q2 profit down more than 40 per cent due to securities investments losses.
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