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Vietnam’s state asset management company aims to start selling bad debt from banks in the third quarter, stepping up efforts to overhaul lenders and spur economic growth.
The Vietnam Asset Management Company, set up by the central bank to rescue debt-laden lenders, has lowered interests on soured loans that it bought, aiming to help troubled enterprises revive their business.
As Vietnam receives 4.5 million foreign arrivals for tourism and business every year, it’s become a matter of high necessity for telecommunication service providers to offer packages catering to their best interests.
Vietnam's Maritime Bank on Monday said it plans to merge with Mekong Development Bank (MDB) to boost the pair's financial strength and increase competitiveness.
HAGL JSC, a real estate developer that’s transformed itself into Vietnam’s biggest listed farmer by acreage, is expanding overseas plantations and adding corn as it plans to list the agricultural unit in Singapore next year.