You are here

More Viet banks set for mergers amid pressure from govt

Thursday, May 7, 2015 - 05:50

Shareholders at VietinBank gave approval on April 14 to merge with unlisted Petrolimex Group Commercial JSB. The number of merger announcements so far this year has outpaced consolidation activity in each of the past several years.


VIETNAMESE bank consolidation will accelerate this year as a new rule encourages lenders with stakes in each other to merge or unwind their holdings amid a government pledge to push unions and even force bankruptcies.

Renewed calls for restructuring come with teeth this time

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom