Vietnam consolidates banks to form regional lenders

Vietnam consolidates banks to form regional lenders

The State Bank of VIetnam, visual from the bank's website

Vu Viet Ngoan, president of the Vietnam National Financial Supervisory Commission (NFSC), describes 2015 as a year of “blooming” mergers and acquisitions (M&A) in the banking system.

It is expected that in 2015 there will be six M&As implemented in the country’s banking sector. Most of the restructuring is expected to be carried out on a voluntary basis.

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