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Vietnam: Bank merger proposals flood shareholder meetings

By  |  May 6, 2013
Vietnam: Bank merger proposals flood shareholder meetings

Various banks within Vietnam have reportedly launched their campaigns for new mergers at their annual shareholder meetings, according to media reports. Some mergers are expected to go through, such as Dai A Bank and HDBank’s proposed deal; the plan has already been approved by shareholders as well as the central bank. Maritime Bank, Sacombank and Eximbank similarly earned shareholder approval for their merger plans; Eximbank and Sacombank are expected to merge, according to experts. According to Eximbank board chairman Le Hung Dung, mergers are the quickest way to innovate within the market heavily regulated byt the central bank.

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