Maritime Bank, MDB merger planned in second quarter

Maritime Bank and the Mekong Development Bank (MDB) are expected to merge in the second quarter this year.

A staff member checks USD notes at Maritime Bank (Photo: VNA)

At an annual shareholder conference yesterday, Maritime Bank said that the State Bank of Vietnam Governor has sent it a document accepting in principle the deal.

The bank has also sought the Governor’s official approval of its acquisition to the Textile and Garment Finance Joint Stock Company (TFC), which is scheduled in the same quarter also.

By Nhung Nguyen – Translated by Hai Mien

Other news

Most view

Terra Cotta Studio in Quảng Nam Province won gold in sustainability. — VNS Photo Công Thành

Vietnamese designs win Asian architecture prize

Two designs by the HCM City–based company Tropical Space won awards at the Architects Regional Council Asia (Arcasia) Awards for Architecture 2018 in Tokyo last week.

Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.