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“Zero dong” banks continue to suffer losses

Two years after being purchased at the price of VND0 by the State Bank of Vietnam, three banks namely Ocean Commercial Joint Stock Bank (Ocean Bank), Construction Bank (CB Bank) and Global Petroleum Commercial Joint Stock Bank (PGBank) continue to suffer great losses and negative equity.

Ph.D Le Dang Doanh: Buying a bank at VND0 is a "Vietnamese invention"

Leaders of Oceanbank (Ocean Commercial Joint Stock Bank) and Construction Bank (CB Bank) were recently prosecuted and two banks were acquired at VND0 by the State Bank of Vietnam (SBV). However, some have raised questions about how those newly acquired banks will be managed.