M&A in banking unlikely to pick up soon

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Báo Đầu Tư English 3 hour(s) ago

Mergers and acquisitions (M&A) activities in the banking sector in the past two years seem to have cooled down, and without the right policies that would solve major bottlenecks in the process of buying banks, it is unlikely to pick up soon.

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Banks struggle to raise capital

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Báo Đầu Tư English 6 day(s) ago

Not only the issues of human resources, bad debt, profit, dividends, but also the pressure of increasing capital to cater for updated standards in line with Basel II are pushing banks to exhaustion before and after their 2017 general shareholders’ meeting (GSM).

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SBV should offer failing banks to foreign investors

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Báo Đầu Tư English 6 day(s) ago

The vigorous restructuring of “zero VND” banks whose capital is believed to have fallen far below the minimum requirement of VND3 trillion ($140.6 million) is the main goal of the banking system this year. Dr Tran Du Lich, a financial and economic specialist, told VIR’s Thuy Vinh that buying out “zero VND” banks is only a temporary solution. It is time for the State Bank of Vietnam (SBV) to stop interfering with the restructuring of “zero VND” banks.

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Brazil tries to rescue meat industry from scandal

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Báo Đầu Tư English 7 day(s) ago

BRASILIA: Brazil's government fought on Wednesday (Mar 22) to save the country's meat industry from getting burned in a corruption scandal that has prompted several countries to pull Brazilian beef and chicken from the menu.

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VAMC asks for five-fold increase in charter capital

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Báo Đầu Tư English 7 day(s) ago

The Viet Nam Asset Management Company (VAMC) has proposed to raise its current charter capital from VND2 trillion (US$87.6 million) to VND10 trillion by 2020.

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Thai cement acquisitions: a questionable decision

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Báo Đầu Tư English 2 week(s) ago

The two biggest Thai cement companies were recently involved in million dollar takeovers of two cement companies in Vietnam, but in the face of the domestic cement glut and the bad business results of Vietnamese companies in the industry, was this really a smart move?

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Banks report satisfactory profits, increased bad debts

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Báo Đầu Tư English 2 week(s) ago

Banks’ finance reports in 2016 show good news and bad news. Most of them had profits higher than the year before, but the number of non-performing loans increased.

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Bad Boys Blue cancelled its concert in Hanoi due to accident

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Báo Đầu Tư English 3 week(s) ago 1 related news

The internationally-acclaimed band Bad Boys Blue cancelled their upcoming concert in Viet Nam after the group was involved in an accident in Russia, and singer John McInerney suffered severe injuries.

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Bad Boys Blue cancelled its concert in Hanoi

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Báo Dân Trí English 3 week(s) ago 1 related news

The internationally-acclaimed band Bad Boys Blue cancelled their upcoming concert in Vietnam after the group was involved in an accident in Russia, and singer John McInerney suffered severe injuries.

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PM asks for detailed development scenarios for realising growth target

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SaiGon GP English 3 week(s) ago

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Uber’s war on the world spells its doom?

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Báo Đầu Tư English 1 month(s) ago

Uber’s recent technology moves, including first self-driving and now flying cars, have earned it a fair share of sceptics who doubt their feasibility and, consequently, how long Uber as a company will last if proceeding in this direction.

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Famous band from Germany to perform in Hanoi

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SaiGon GP English 1 month(s) ago

The Bad Boys Blue and singer Sandra from Germany will stage a one-night show “Bad Boys Blue & Sandra Live in Concert” at the National Convention Center in Hanoi on March 11.

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Financial leasing companies hard-pressed for foreign capital

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Báo Đầu Tư English 1 month(s) ago 1 related news

Up to two thirds of domestic financial leasing companies operate at a loss and are riddled with inefficiencies.

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SBV removes father and son board members at Sacombank

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Báo Đầu Tư English 1 month(s) ago 1 related news

The State Bank of Viet Nam yesterday terminated Tram Be’s and Tram Khai Hoa’s membership in the management board at Sai Gon Thuong Tin Joint Stock Commercial Bank (Sacombank).

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Action program seeks to improve growth quality and competitiveness

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Báo điện tử CP English 1 month(s) ago

VGP – The government has issue an action program to implement the 12th Party Central Committee’s Resolution No. 05-NQ/TW dated November 1, 2016 on a number of guidelines and policies in order to continue innovating the model of growth and enhancing the quality of growth, labor productivity and the competitiveness of the economy and the National Assembly’s Resolution No. 24/2016/QH14 dated November 8, 2016 on the economic restructuring plan in 2016-2020.

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