Banking restructure Tin tức

Sacombank to resolve $473mln bad debt in 2020, profit projected to fall 20%

Sacombank, which is striving to be among Vietnam's top ten banks three years from now, targets to resolve VND11 trillion ($473 million) bad debt in 2020, bank's leaders told online shareholders’ meeting.

BIDV raises $875 million from selling 15% stake to KEB Hana Bank

In the biggest M&A deal of Vietnam's banking industry, BIDV issued over 603.3 million shares to KEB Hana Bank with a total value of $875 million.