Vietnam 

Thai firm to acquire Agribank subsidiary – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of VNĐ523 billion (US$22.45 million). According to Srisawad, the company is waiting for approval from the State Bank of Việt Nam (SBV) for the deal. In response to the Thai firm’s acquisition proposal, recently sent to the Vietnamese Government Office, SBV said it would be processed after the ALC I restructuring…

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Vietnam 

Agribank must go IPO by 2020, clear all bad debts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Minister Huệ addresses a working visit to state-run Agribank on Monday. He demanded Agribank launch an Initial Public Offerings (IPO) by 2020. — Photo anninhthudo.vn Viet Nam News HÀ NỘI — The Vietnam Bank for Agriculture and Rural Development (Agribank) must resolve all non-performing loans kept at the Việt Nam Asset Management Company (VAMC) soon, said deputy PM Vương Đình Huệ. Huệ made the statement during his working visit to the state-run bank on Monday. He also demanded Agribank to launch an Initial Public Offering (IPO)…

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Vietnam 

Agribank to sell OCB shares late this month – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

OCB shares are traded on the over-the-counter (OTC) market at VNĐ15,000-17,000 apiece. — Photo OCB Viet Nam News HÀ NỘI — Agribank will sell more than 468,000 Orient Commercial Bank (OCB) shares at auction on November 29. At a starting price of VNĐ18,130 (77 US cents) per share, the bank is estimated to earn some VNĐ8.5 billion if the auction succeeds. OCB shares are traded on the over-the-counter (OTC) market at a price of VNĐ15,000-17,000 apiece, lower than Agribank’s offered price. As for Agribank, it is…

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Vietnam 

Agribank filings show less bad debt – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Agribank’s headquarters in Hà Nội. New financial reporting shows that Agribank’s ratio of bad debts has fallen. – VNA/VNS Photo Viet Nam News HÀ NỘI — Non-performing loans (NPLs) of State-owned Bank for Agriculture and Rural Development (Agribank) kept at the Việt Nam Asset Management Company (VAMC) have dropped by over VNĐ9.4 trillion (US$401.7 million) to VNĐ9.59 trillion in the first half of this year, the bank’s latest audited financial statement showed. The largest Vietnamese bank by assets released its audited financial statement for the first half of 2018…

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