HANOI (Reuters) -- Vietnam's central bank directed two leading commercial banks to take over underperforming rivals on Friday, as part of a drive to restructure the banking system and tackle bad debt that it said was necessary for political stability and social order.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will take over GPBank, and Ho Chi Minh City Development Bank (HDBank) will take over DongA Bank, the State Bank of Vietnam said in a statement.
