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VN banks expect to sell more shares to foreign investors in 2022

Top 10 Merger and Acquisition deals in 2021 - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Even though business activities were disrupted nationwide for many months in 2021, due to social distancing orders to prevent the outbreak of COVID-19, the number of successful merger and acquisition (MA) deals rose compared to 2020.

Top 10 economic events of Vietnam in 2021

Despite the adverse impacts of the global pandemic, Vietnam managed to achieve a number of spectacular economic results

VPBank completes 49% stake sell to SMFG - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

VPBank on Thursday announced the completion of its deal to sell a 49 per cent stake in its FE Credit to Japan’s Sumitomo Mitsui Finance Group (SMFG) in a transaction.

Bank deposit interest rates not to rise too much: analysts​​​​​​​ - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports

According to VnDirect Securities Company, in May small private banks hiked deposit interest rates by  3-4 per cent but not large ones. It took until June for the race to begin in earnest and the rest to join. Vietcombank, the country’s largest lender, increased interest rates on deposits of less than 12 months by 0.2 percentage points, which brought them, until then the lowest in the industry, on par with those offered by other state-owned banks. Analysts said since June COVID-19 vaccination programmes have been undertaken nation-wide, bringing hope that the pandemic would soon be controlled and economic activities would recover, which would increase demand for credit.

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