Vietnam ‘basically completes’ value assessment of weak banks pending forced takeover
The State Bank of Vietnam (SBV) has “basically completed” the “unprecedented” task of assessing the value of ailing banks subject to forced takeovers, said Governor Nguyen Thi Hong.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Difficult to find investors for restructuring weak banks: Vietnam central bank
Placing five banks under special control was "unprecedented" and it will not be easy to find investors to help restructure them in the post-pandemic context, said the State Bank of Vietnam governor.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Compulsory transfer of 4 banks under special control approved
The State Bank of Vietnam (SBV) said competent authorities have approved the plan for compulsory transfer of four banks under special control, namely Construction Bank (CB), OceanBank, GPBank and DongA Bank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam government urges central bank to promptly handle 'weak banks'
The Vietnamese government has ordered the State Bank of Vietnam (SBV) to focus on effectively dealing with "weak banks" to ensure banking system liquidity and safety.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
'Weak' Vietnamese banks to be restructured
The Prime Minister has approved a plan to restructure "weak" banks in association with settlement of bad debts for the 2021-2025 period, said Deputy Prime Minister Pham Binh Minh.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks acquiring 'weak' banks can raise foreign ownership to 49%
Vietnamese banks that acquire "weak" banks can raise their foreign ownership ratio to 49%, higher than the current maximum level of 30%, according to a draft decree.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
- Editor’s Picks
-
LG’s chemicals arm records modest 2023 profits in Vietnam
-
Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
-
Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
-
AG&P LNG to start operating southern Vietnam LNG terminal in Sept
