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Finance

Vietcombank logs brisk growth after years of toil on bad loans

Vietnam aims to speed up bank reform by raising foreign ownership limit in 2017

HO CHI MINH CITY -- Vietcombank has logged an 8.2 trillion dong ($363 million) pretax profit for 2016, up 23.4% and surpassing its own target of 7.5 trillion dong. The growth follows a few years of effort to tackle nonperforming loans.

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