The Board of Directors of VPBank has approved a resolution regarding the debt trading transaction between VPBank and GPBank. This transaction is part of the plan to handle bad debts and improve the financial situation of both banks. VPBank aims to increase financial efficiency by repurchasing debts for asset restructuring. The terms and process of the transaction will be implemented in accordance with current laws and regulations from the State Bank. This approval is expected to contribute to increasing the enterprise’s value and supporting customers with debts at GPBank.
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