Vietinbank to make IPO late this year

The Vietnam Bank for Trade and Industry (Vietinbank) will make its first initial public offering (IPO) later this year, a bank senior official said.

Vietinbank plans to sell 25 percent of its shares issued in the first IPO to the public and probably another 24 percent by 2010.

At present, eight foreign banks sent notes to Vietinbank expressing desire to join in negotiations to become its strategic shareholder.

VNA

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