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flag Vietnam's central bank directs Vietcombank to acquire CBBank and OceanBank to MBBank for debt resolution and financial stability.

flag Vietnam's central bank has mandated the acquisition of Construction Bank (CBBank) by Vietcombank and OceanBank by Military Bank (MBBank). flag This restructuring aims to address bad debts and enhance financial stability. flag Both banks will become wholly-owned subsidiaries, ensuring customer rights are protected. flag The move is part of a broader strategy to improve the credit system and support economic growth targets, including a 15% credit increase by 2024.

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