ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Vietnam starts next phase of bank reform with TPBank listing

Nine more in pipeline this year as country seeks foreign investors

A Vietnamese flag flies atop the State Bank building near the offices of Vietcombank and Bank for Investment and Development of Vietnam in central Hanoi.   © Reuters

HO CHI MINH CITY -- Tien Phong Commercial Joint Stock Bank, or TPBank, will debut on Vietnam's main stock exchange on April 19, the first of 10 domestic banks scheduled to list in 2018.

Out of the 31 lenders ordered by the government to list, 17 banks, including TPBank, have still to do so. The State Bank of Vietnam has told them to meet Basel II international bank capital rules by the end of 2020.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more