December 19, 2011
Vietnam needs to implement the restructure of both small and large banks in a drastic manner, an economist says. The central bank has approved the merger of three small banks – Ficombank, Saigon Commercial Bank, and Vietnam Tin Nghia Bank – that are mired in liquidity problems. The restructure of banks will continue for the [...]
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December 14, 2011
There was no panic rush on deposits after the merger of three Vietnamese banks was announced New deposits into the three banks that are going through a high-profile merger have risen over the last couple of days, an official involved in the merger said. The merger is the first major step being taken as part of efforts to [...]
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