Several major commercial banks were found to have used trillions of dong raised from corporate bond issues for purposes other than those publicly stated, according to a report released by the Government Inspectorate on October 17.
The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of US$320 million in three Vietnamese banks, reported the Nikkei Asia.
A number of Vietnamese banks plan to sell more shares to foreign investors in 2022 as part of set strategies.
The International Finance Corporation (IFC) has provided a US$100 million long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.