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Update news nationalization
How much should SBV have to pay to revive banks bought at zero dong?
VietNamNet Bridge - OceanBank was forced to sell to the State Bank for zero dong to implement the so-called “neo-bankruptcy” deal. What will the State Bank do with it?
State Bank takes control of Ocean
The State Bank of Viet Nam (SBV) officially acquired Ocean Bank on May 8, gaining all its equity, including its charter capital of some VND4 trillion (US$190.48 million).
GPBank to be nationalized, Ocean Bank may follow
VietNamNet Bridge – The State Bank of Vietnam (SBV) plans to nationalize GPBank, and then possibly OceanBank if the bank is unable to handle its problems.
VNCB nationalization deal raises controversy
VietNamNet Bridge – The news that the Vietnam Construction Bank (VNCB) has been sold to the State Bank, an unprecedented action in the country, has caused concern among the public.
France confirms plant nationalisation plans: unions
France is committed to nationalise a steel plant at the centre of a bitter row between the government and its owner ArcelorMittal, unions said on Wednesday.
