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Update news UOB
Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.
VietNamNet Bridge – If UOB pours money into GP Bank, this would mean that the government of Vietnam implicitly keep the banks’ doors open to foreign investors who are believed to help deal with weak banks.
VietNamNet Bridge – Eight out of the nine weak banks have finished the restructuring process, while the ninth one may be sold to foreign investors. There is no precedent for such a move in Vietnam.