Mergers drive consolidation in Vietnam’s fragmented banking industry

Mergers drive consolidation in Vietnam’s fragmented banking industry

The Vietnamese flag (Image by zdiviv, Freedigitalphotos.net)

Vietnam’s banking sector, which had been fragmented into several small entities, plagued by high level of non-performing assets (NPAs) and other inefficiencies has been undergoing a radical restructuring for the past four years.

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