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Vietnam Bank aims to raise US$700m selling majority stake

Saigon Commercial Bank, in talks with 6 investors, will be first bank to be majority owned by a foreign entity

Ho Chi Minh City

THE first Vietnamese bank granted government approval to sell a majority stake to a foreign investor could attract an investment of at least US$700 million.

Saigon Joint Stock Commercial Bank, the fifth-largest by assets, said it's in talks to draw that investment...

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