Shares of Vietcombank have risen 31 percent this year, outpacing the 16 percent gain in the benchmark VN Index
GIC will purchase 305,810,895 new shares in Vietcombank as part of the deal
GIC would be the third-biggest investor in Vietcombank
From investors' perspective, Vietnam's banks are among the most palatable in Asia at present.
Vietnam's top lender by market value plans to issue new shares to foreign investors
The lender is working with Credit Suisse to study potential investors and expects a deal to come this year
The bank cut bad debts to 1.76 percent of loans last year, from 2.29 percent in 2014.
Vietnam’s benchmark stock index climbed the most since October, rebounding in late trading after recent declines dragged valuations to their...
The government owns stakes in four of them though divestment is on the cards
The bank suspended its service on November 12, puzzling quite a few people
The move has puzzled quite a few as many other lenders have not changed their policy
The bank posted a 13 percent increase in net profit for the first nine months
Pham Cong Danh and his bank staff had drawn up false lending papers to withdraw funds from the bank
"All domestic and foreign investors, regardless of their economic structure or sector, can join the bidding," official said
A prospective issue from a major Vietnamese bank is likely to attract widespread investor interest