Southernbank was struggling to reduce bad debts, which reached 5.9 percent of total loans last year
Vietnam's central bank says it expects six to eight mergers this year.
The country's six-largest partly private lender by assets must expand the branch's operations by March 26, 2017
The first signs of a property market revival have seen banks lower mortgage rates, but they say buyers are not really...
Sacombank plans to take over beleaguered Southernbank, creating Vietnam's fifth largest bank by assets