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GIC in talks to own at least 7% of Vietcombank: sources

Lender has been planning to issue new shares equal to 10% of existing stock to foreign investors


SINGAPORE's GIC Pte Ltd is in talks to own a stake of at least 7 per cent in Vietcombank, sources with knowledge of the matter said, in what would be the sovereign wealth fund's second major investment in Vietnam this year.

Vietcombank will issue new shares to GIC should