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Ocean Commercial Bank Limited (Oceanbank)

Ocean Commercial Bank Limited (Oceanbank)

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Vietnam Banks Association's working visit to Japan

On October 17-19, 2024, the Vietnam Banks Association (VNBA) paid a working visit to Japan. Vice President cum General Secretary Nguyen Quoc Hung led the VNBA delegation, including representatives of member organizations VietinBank, OceanBank, VDB, EVNFinance and MUFG Bank.

Mandatory transfers announced for CB, OceanBank

In a move to restructure the credit institution system and tackle bad debts, the State Bank of Viẹt Nam (SBV) has announced the mandatory transfer of two major banks.

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Despite the financial hurdles in restructuring zero-VND banks, the process also presents immense opportunities for acquirers as they can leverage the restructuring to strengthen their market presence, long-term strategies, and foreign ownership limits.

Individual customers' bank savings hit record high

Individual customers' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Vietnam (SBV) shows.

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