Despite the central bank’s tightened monetary policy, many banks reported good business performance last year thanks to improved bad debt resolution and rising income from services.
Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10 per cent stake, to foreign investors in the first half of 2018.
Credit institutions had to provide nearly VND89.7 trillion (US$4.13
billion) of provisional funds by the end of June, due to the application
of new regulations earlier this year.
