Vietnam lender SHB seeks strategic foreign investor

Vietnam lender SHB seeks strategic foreign investor

Saigon-Hanoi Bank (SHB) is seeking an optimal strategic partner towards delivering greater value to customers and shareholders, a source with knowledge of the matter told The Investor Friday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital to partner with strategic investor to boost infrastructure segment

Bamboo Capital to partner with strategic investor to boost infrastructure segment

Bamboo Capital Group will transfer 21 million shares of its construction subsidiary Tracodi to a strategic partner experienced in infrastructure development in an effort to increase the firm’s competitiveness and seize opportunities from large-scale public investment projects.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vincom Retail likely to sell stake to strategic investors

Vincom Retail likely to sell stake to strategic investors

Thailand's largest retailer Central Group and other companies are negotiating to buy a stake in Vincom Retail, the retail arm of Vietnam's biggest private conglomerate Vingroup.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

SMBC acquires 15% stake in Vietnam’s VPBank for $1.5 bln

SMBC acquires 15% stake in Vietnam’s VPBank for $1.5 bln

Vietnamese lender VPBank signed a deal on Monday to sell a 15% stake to Japan’s Sumitomo Mitsui Banking Corp. (SMBC) for about $1.5 billion through a private placement.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Half of Vietnamese private banks have 15% foreign ownership or less

Half of Vietnamese private banks have 15% foreign ownership or less

While foreign ownership in some Vietnamese private banks has hit the regulated cap of 30%, others still have a lot of room for foreign investors to get in.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

SHB bank, VPBank raise foreign ownership limits

SHB bank, VPBank raise foreign ownership limits

SHB has tripled its foreign ownership limit to 30%, the maximum allowed under the law, while VPBank previously raised its figure from 15% to 17.5%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7