This is a record figure to date
The Vietnamese government will not license the establishment of new foreign-invested banks until the end of 2020
State ownership at BIDV will drop to less than 90 percent following the deal
The appointment marks the first time a foreigner has held senior executive office in the bank’s 55-year history
Chief executive Stuart Gulliver was forced to react to a report about his finances in The Guardian newspaper, which has led coverage in Britain of an international tax-dodging scandal at the bank's Swiss division
It is the latest in a stream of so-called "Swissleaks" allegations that have hit the reputation of the British banking giant and caused a political storm ahead of a general election in May.
There many reasons for the closures including the fact that some banks have changed their operational model to operate as 100-percent foreign-owned banks in Vietnam
The Bank for Investment and Development of Vietnam has sold a 50 percent stake it held in the joint venture VID Public Bank for about $77 million, according to a report of Ho Chi Minh Securities Corp
Medium-term economic prospects and the sovereign's credit profile remain weighed down by the slow pace of asset restructuring in the banking sector and sluggish reforms of State-owned enterprises (SOEs)
For the first time, the photo documentation on the life of King Duy Tan was brought home by his family and showcased to the public at An Lang relics, Duy Tan street (Hue).
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