Vietcombank chief suggests reduced state holding of 51% in Vietnam banks

Vietcombank chief suggests reduced state holding of 51% in Vietnam banks

Nghiem Xuan Thanh (left), chairman of Vietcombank, proposes to reduce the state ownership in state-owned commercial banks to 51 per cent.

Vietnam’s fourth largest lender Vietcombank chairman Nghiem Xuan Thanh has proposed that the government ownership in state-owned commercial banks should come down to 51 per cent, from the current minimum state holding of 65 per cent, allowing them more freedom in restructuring their operations.

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