Foreign banks continue to invest in Vietnam

Deutsche Bank completes the purchase of a 10% stake in VietnamÆs Habubank as HSBC finalises its 15% investment in Techcombank.

Yesterday both Deutsche Bank and the Hongkong Shanghai Banking Corporation announced that they were either investing in or upping their stakes in Vietnamese banks.

Deutsche Bank says that it has completed the purchase of 10% of the issued capital of Hanoi Building Commercial Joint Stock Bank Habubank. This follows the announcement in February 2007 of an agreement to buy the shares pending administrative and regulatory approvals.

At the same time, HSBC announced that it had completed its acquisition of...

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