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GIC aiming for 7.73% stake in Vietcombank

    Published Mon, Aug 29, 2016 · 09:50 PM

    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 investment will make GIC the third-largest stakeholder.

    GIC

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