More banks on verge of merger

This month, three banks and a financial corporation are expected to merge to form two big banks.

On September 8, PetroVietnam Finance Group and Western Bank will hold a meeting of shareholders to set up a united bank to be called Vietnam Public Bank or PVcomBank with a charter capital of VND9 trillion and a network of 102 trading centers across the country.

Meanwhile, DaiA Bank will hold an unscheduled general meeting of shareholders on September 25 to discuss the merger with HD Bank, various bank regulations after the merger, and other relevant material. After the merger, the new bank will have a charter capital of more than VND8 trillion.

By Bao Minh – Translated by Thuy Doan

Other news


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

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.