Wednesday , November 27 2024

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Vietnam urges banks to merge, become more competitive

Vietnam urges banks to merge, become more competitive

The Vietnamese government is urging banks to merge and increase their scale toward becoming more competitive. It wants to make Vietnam an ASEAN leader in the banking sector. The government wants banks to have a capital adequacy ratio of at least 10-11 percent by 2023, and 11-12 percent by 2025, …

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