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Vietnam bank BIDV gets listing approval

Jan 17th at 13:43
17-01-2014 13:43:19+07:00

Vietnam bank BIDV gets listing approval

BIDV, Vietnam's second-biggest bank by assets, has won approval to list all of its shares on the Ho Chi Minh Stock Exchange, making it the largest firm to make a share debut in Vietnam, sources close to the plan said on Friday.

Hanoi-based BIDV, or the Bank for Investment and Development of Vietnam, will list all its shares representing around 28 trillion dong ($1.33 billion) of its registered capital, one of the two sources told Reuters.

"The bank may make the share debut later this month," the source said, adding that BIDV would soon be awarded a listing license. ($1=-21,060 dong)

reuters

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