Bankers counsel believe that foreign participants in
Vietnams banking sector should prepare for limited return
in a risky market.
The Commonwealth Bank of Australia and Singapores
United Overseas Banks this month won State Bank of Vietnam
approval to raise their holdings, in Vietnam International
Commercial Joint-Stock Bank and Southern Commercial Joint-Stock
Bank respectively, to a 20% limit.
Japans Mizuho Financial is expected to buy a $760m
stake in Vietnams largest publicly-traded bank,
Vietcombank. This follows a May announcement by the state-owned
bank that it was reviving plans to sell as much as a 20% stake
to overseas investors by early next year. Mizuhos
investment would be the biggest ever purchase of a stake in