Local banks draw foreign interest
Vietnamese commercial banks expect to attract foreign investment in their newly-established financial companies thanks to the profitable domestic consumer financial market, according to Dau tu (Investment) newspaper.
Despite concerns by shareholders, banks have still tried mergers and acquisitions (M&As) with ailing financial companies, whose non-performing loans even rose to between 30 per cent and 40 per cent. The move for M&As between banks and financial companies has become a major trend this year.
