Any rate hike could deal a big blow to Vietnamese firms since their foreign rivals borrow from foreign banks at...
Around 6.5 million people are expected to benefit from the ambitious project
Between April and May it made dollar purchases worth $3.2 billion
World top companies have seen declines in their sizes and business, Forbes rankings show
But remain below 3 per cent threshold set by central bank
The merger, subject to shareholders' approval, will be one of between six to eight deals expected this year.
BIDV, Vietnam's second-largest partly private lender by assets, plans to sell a 15 percent stake to a strategic foreign partner...
After the stake acquisition, the Malaysian bank would turn the Vietnam-based venture into a 100-percent foreign owned bank.
The cap is currently 30 percent but if the banks' plans succeed, foreign investors could end up owning more than...
But borrowing costs in Vietnam remain way higher than in other Southeast Asian countries
VietinBank, Vietcombank and BIDV are in the top 500 banking brands
Executives blamed for violations and bank's downfall sacked and replaced for BIDV managers
They have been accused of investing a large amount of the bank's money in securities for personal gains
Police stepped in after local bank BIDV detected a problem
Inflation might be low but the central bank has ruled out any rate cuts, citing various reasons