Military Bank registers to list 530 million shares in Vietnam

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Vietnam's Military Commercial Joint-Stock Bank registered to list 530 million shares on the country's main bourse, according to a statement on the Ho Chi Minh City Stock Exchange's website.

The lender known as Military Bank won approval from the country's central bank for the listing plan, according to a statement on the State Bank of Vietnam's website on April 13. The Hanoi-based bank still needs final approval from the exchange for the listing.

Military Bank plans to sell VND2 trillion ($105 million) of convertible bonds in the third quarter, it said on its website.

The nation's benchmark VN Index rose 0.9 percent as of 9:47 a.m. local time. It has gained 5 percent so far this year.

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