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SINGAPORE-VIETNAM TIES

GIC aiming for 7.73% stake in Vietcombank

Tuesday, August 30, 2016 - 05:50

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Singapore's sovereign wealth fund GIC is looking to place its first significant direct investment in a commercial bank in Vietnam with a proposed 7.73 per cent stake in Vietcombank.

Singapore

SINGAPORE'S sovereign wealth fund GIC is looking to place its first significant direct investment in a commercial bank in Vietnam with a proposed 7.73 per cent stake in Vietcombank.

This comes as GIC looks to emerging markets to boost portfolio returns. If completed, the

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