Vietnamese banks thrive following foreign partners’ divestmentVietNamNet Bridge - Concerns were once raised when a number of foreign partners decided to divest from Vietnamese banks, but banks’ financial reports show satisfactory business performances. In the 2004-2006 period, foreign investors were warmly welcomed by Vietnamese banks which believed that foreign capital and technology would help them thrive. Foreign partners usually ask Vietnamese banks to diversify their portfolios,” he said. In many cases, contributing capital to Vietnamese banks did not bring high benefits to foreign partners. However, Thoi Bao Kinh Te Sai Gon said that Vietnamese banks remain attractive to foreign investors.

Source: VietNamNet News March 27, 2018 05:03 UTC