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Asia300

Vietcombank prepares to sell 10% stake to foreign investors

State lender says GIC, Mizuho among potential buyers

A woman rides a bicycle past a logo of Vietcombank, in front of the State Bank building in central Hanoi.   © Reuters

HO CHI MINH CITY -- The Commercial Bank for Foreign Trade of Vietnam, or Vietcombank, is planning to sell more than 350 million shares, or a 10% stake, to foreign investors in the first half of 2018, following a green light from the government.

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