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Investors
cautious over
bank shares
By Trang Nguyen
With foreign ownership still capped in banks, investor interest remains subdued
Photo: Le Toan
bankruptcy
laws
at
credit
institutions.
The SBV has so far taken over
three troubled banks, namely
Global Petro Bank (GP Bank),
Vietnam
Construction
Bank
(VNCB), and OceanBank, for
VND0, as part of its efforts to wipe
out all weak and poorly-managed
banks in Vietnam.
According to the SBV, the local
banking system is not ready to undergo bank liquidation, and that
such a process could actually
threaten the safety of the whole
banking sector, as well as affect the