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# Vietcombank Completes Mandatory Acquisition of CBBank Under State Bank of Vietnam Directive
- URL: https://www.theglobalbanker.com/vietcombank-mandatory-acquisition-cbbank-state-bank-vietnam-directive/
- Published: 2024-10-17T09:52:00.000Z
- Updated: 2026-10-02T14:38:43.000Z
- Description: Vietnam's Vietcombank completed the mandatory acquisition of CBBank on 17 October 2024 under a State Bank of Vietnam mandatory-transfer decision.
- Author: TGB Editorial Team
- Tags: M&A, Asia-Pacific, #archive

Vietcombank completed its mandatory acquisition of CBBank — formerly Vietnam Construction Bank — on 17 October 2024, finalising a mandatory transfer directed by the State Bank of Vietnam, which had itself acquired the lender for zero dong in 2015\. The transfer places CBBank under the ownership of Vietcombank, a state-owned commercial bank.

CBBank had been placed under special control by the State Bank of Vietnam. Under the Vietnamese regulatory framework, the State Bank is empowered to direct a financially sound institution to take over a failing bank.

#### PART OF SBV FOUR-BANK RESOLUTION PLAN

The CBBank transfer is one of four mandatory bank acquisitions planned by the State Bank of Vietnam.