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Update news restructure
Commercial banks have reported unsatisfactory business results for 2012 with profits down dramatically. However, the unsatisfactory business performance of the banking system turns out to be the “good news.”
TrustBank has “opened fire,” kicking start a new merger and acquisition (M&A) wave in 2013. What are the next?
VietNamNet Bridge – Struggling against weak efficiency and a heavy load bad debts, Vietnamese finance companies are finding ways to restructure.
VietNamNet Bridge – Complaining about difficulties in 2013, most state-owned economic groups asked the Prime Minister for a specific mechanism.
VietNamNet Bridge – Ailing and merged banks are looking for strategic shareholders to help them restructure and deal with bad debts.