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Restructuring to boost M&A in banking industry

Weak banks that are restructuring will be the target of merger and acquisition (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.

VIETNAM BUSINESS NEWS DECEMBER 5

Restructuring to boost M&A in banking industry

Weak banks that are restructuring will be the target of mergers and acquisitions (M&A) deals in the near future as the Government is strongly promoting the restructuring of the country’s finance and banking industry.

Deposit rate hikes still lingering

Deposit interest rates rise, cash flow improves at banks

Deposits at banks have increased sharply following the commercial banks’ raising of interest rates. The highest deposit interest rate is 7.7 percent per annum.

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