HSBC and ANZ up their stakes in Vietnam

HSBC increases its stake in Vietnam's Techcombank to 15%, while ANZ buys a 10% stake in Saigon Securities.

Vietnam continues to attract attention from regional banks with both HSBC and ANZ announcing new investments in the country in the last few days.

Last Friday, HSBC informed the market that it has received approval from the State Bank of Vietnam to increase its stake in Vietnam Technological and Commercial Joint-Stock Bank Techcombank to 15% from 10% for a total consideration of VND539.4 billion $33.7 million.

ANZ, meanwhile, says it has bought a 10% stake in a...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: techcombank | vietnam | hsbc | anz

Print Edition

FinanceAsia Print Edition