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Ho Chi Minh City
Tuesday, April 1, 2025

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handling of weak banks

Acquirers of weak banks allowed to raise foreign ownership to 49%

HCMC – Private banks that acquire underperforming financial institutions will be permitted to raise their foreign ownership limit from the current 30% to a...

VPBank, HDBank acquire troubled GPBank, DongA Bank

HCMC – Vietnam’s central bank has announced that two struggling commercial banks, GPBank and DongA Bank, will be transferred to VPBank and HDBank, respectively. The...

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