Vietnam: Petrolimex Group unit to merge with HDBank

Vietnam: Petrolimex Group unit to merge with HDBank

Photo: Internet Archive

Ho Chi Minh City Development Bank (HDBank), whose vice-chairman is Vietnam’s first female billionaire Nguyen Thi Phuong Thao, has announced that its shareholders have approved a plan to merge with unlisted Petrolimex Group Commercial Joint Stock Bank (PGBank) in a share-swap deal.

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