Deputy Prime Minister Vuong Dinh Hue (R) and CBBank Senior Managing Director Nobiru Adachi (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Vuong Dinh Huewelcomed Japanese-based J Trust Corp’s aspiration to involve in therestructuring of Vietnam Construction Bank (CBBank) during a reception in Hanoion March 29 for its Senior Managing Director Nobiru Adachi.
The Deputy PM said the Vietnamese government provides everypossible support for domestic and foreign investors, especially those withstrong financial and governance capacity as well as experience in banking, totake part in restructuring weak Vietnamese banks.
He told the guest that the government advocates findingpartners to sell or restructure the CBBank, which will be decided by theCabinet and the PM based on suggestion made by the State Bank of Vietnam (SBV).
The government and investors want the most feasible andbeneficial solution to parties concerned, he said.
The host asked Adachi and collaborators to continuediscussing their offer plan with the CBBank and the SBV to submit to thegovernment and the PM for consideration.
As a number of investors are also interested in CBBank, heurged J Trust to take relevant steps soon.
Apart from CBBank, he also welcomed J Trust’s involvement inrestructuring other credit organisations in Vietnam.
Adachi, for his part, said J Trust now offers commercialbanking, retail finance and debt collection services across Asia, from Mongoliato Indonesia. It successfully revived several financial-consumption companiesand restructured weak banks in the Republic of Korea and Indonesia.
If permitted, J Trust not only wants to contribute capitalbut also technology to CBBank and will do its best in the effort, he said,expressing his hope that the Vietnamese government and the SBV will createfavourable conditions for the success of its negotiations and transaction.
He told the Deputy PM that with experience in working forthe Japanese Finance Ministry and bringing official developmentassistance-funded projects to Vietnam since 1997, he wished to furthercontribute to bilateral ties.-VNA
The Deputy PM said the Vietnamese government provides everypossible support for domestic and foreign investors, especially those withstrong financial and governance capacity as well as experience in banking, totake part in restructuring weak Vietnamese banks.
He told the guest that the government advocates findingpartners to sell or restructure the CBBank, which will be decided by theCabinet and the PM based on suggestion made by the State Bank of Vietnam (SBV).
The government and investors want the most feasible andbeneficial solution to parties concerned, he said.
The host asked Adachi and collaborators to continuediscussing their offer plan with the CBBank and the SBV to submit to thegovernment and the PM for consideration.
As a number of investors are also interested in CBBank, heurged J Trust to take relevant steps soon.
Apart from CBBank, he also welcomed J Trust’s involvement inrestructuring other credit organisations in Vietnam.
Adachi, for his part, said J Trust now offers commercialbanking, retail finance and debt collection services across Asia, from Mongoliato Indonesia. It successfully revived several financial-consumption companiesand restructured weak banks in the Republic of Korea and Indonesia.
If permitted, J Trust not only wants to contribute capitalbut also technology to CBBank and will do its best in the effort, he said,expressing his hope that the Vietnamese government and the SBV will createfavourable conditions for the success of its negotiations and transaction.
He told the Deputy PM that with experience in working forthe Japanese Finance Ministry and bringing official developmentassistance-funded projects to Vietnam since 1997, he wished to furthercontribute to bilateral ties.-VNA
VNA
