In October, the central bank said another two were to be absorbed by bigger banks. The State Bank of Vietnam last year mounted an unprecedented rescue of SCB after it became embroiled in the ...

The State Bank of Vietnam (SBV) has ordered two lenders to take over two underperforming banks.

HANOI, Jan 17 (Reuters) - Vietnam's central bank directed two leading commercial banks to take over underperforming rivals on Friday, as part of a drive to restructure the banking system and ...

In mid-October last year, the SBV announced the compulsory transfer of Construction Bank (CBBank) to Joint Stock Commercial ...

Vietnam’s central bank said it’s keeping a close eye on the local currency which fell to a record low last week, with Deputy Governor Dao Minh Tu pledging to stabilize the dong while keeping ...

The banking merger and acquisition (M&A) market in 2025 is expected to remain active, particularly with mandatory transfer deals involving struggling banks, alongside those without foreign strategic ...

The central exchange rate in Vietnam stayed at VND24,325 per USD on Monday, unchanged from before the Lunar New Year holiday ...

HANOI (Reuters) -- Vietnam's central bank directed two leading commercial banks to take over underperforming rivals on Friday, as part of a drive to restructure the banking system and tackle bad ...

The Vietnamese central bank has directed two of the country's leading commercial banks - VPBank and HDBank - to take over their weaker rivals ...

HANOI – Vietnam’s central bank directed two leading commercial banks to take over underperforming rivals on Friday, as part of a drive to restructure the banking system and tackle bad debt that it ...

Bad debt was on a rising trend and Vietnam's bond and stock markets are facing difficulties, as is the property sector, despite signs of recovery, deputy central bank governor Dao Minh Tu told a ...