top-vietnam-bank-one-step-closer-to-privatising

Top Vietnam bank one step closer to privatising

VietnamÆs Mekong Delta Housing Development Bank chooses Deutsche Bank to advise on its initial public offering and listing on the local stock exchange.
In another step towards opening up access to VietnamÆs banking sector, VietnamÆs Mekong Delta Housing Development Bank MHB has chosen Deutsche Bank to advise on its initial public offering and listing on the Ho Chi Minh City stock exchange expected later this year.

The consultation is expected to be completed in October, and so an IPO could take place soon after. Indeed, the country's ninth-largest bank, which provides financial services for home buyers and small-to-medium sized enterprises, is one of Vietnam's four state-run banks that will be partly privatised this year.

The other three banks are the Bank for Foreign Trade of Vietnam Vietcombank, the Bank for Industrial and Commercial Bank of Vietnam Incombank...
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