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Business deals

Warburg Pincus to pump $370m into Vietnam's Techcombank

Following HSBC's withdrawal, Hanoi-based lender finds new foreign investor

Techcombank staff handle stacks of Vietnamese dong.   © Reuters

HO CHI MINH CITY -- Vietnam Technological and Commercial Joint Stock Bank, or Techcombank, said on Monday that U.S.-based private equity firm Warburg Pincus plans to invest $370 million in the lender.

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