Government requests central bank to urgently assist Saigon Commercial Bank restructuring

Government requests central bank to urgently assist Saigon Commercial Bank restructuring

The government has requested the State Bank of Vietnam to restructure specially controlled banks timely and efficiently according to the Politburo's conclusions, and urgently issue a restructuring plan for Saigon Commercial Bank (SCB).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Pacific Airlines risks closure over debt, cash flow crisis

Pacific Airlines risks closure over debt, cash flow crisis

Pacific Airlines, a Vietnamese low-cost carrier, is at risk of insolvency and termination of operations owing to a severe financial crisis, cash flow constraints, and substantial overdue debts.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Government urges bank mergers, acquisitions

Government urges bank mergers, acquisitions

The government encourages banks to voluntarily purchase, sell, consolidate, and merge to expand their scale, spectrum of operation, and competitiveness during the 2021-2025 period, under a new restructuring program.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Food producer Kido Group restructures business activities

Food producer Kido Group restructures business activities

Kido Group will take over the entire distribution, promotion, and market expansion activities of subsidiary Tuong An Vegetable Oil JSC, Vietnam’s second largest cooking oil maker by market share, which will focus on production and be delisted from the stock market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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