Vietnamese Banks Plan 7 Billion Dollar Share Sales

Vietnamese lenders are planning nearly seven billion dollars in share sales to fund fast economic growth. The capital raise opens new opportunities for foreign investors in the tightly controlled banking sector.

Insights:
People walk in front of the Vietcombank Headquarters in Hanoi, Vietnam June 1, 2023. REUTERS/Ha Phuong Nguyen/File Photo

Vietnam banks are planning nearly $7 billion in share sales as the country's fast-growing economy fuels demand for capital. The funding push opens a window for foreign investors to expand in the tightly controlled sector. The capital-raising wave is the country's largest ever by lenders.

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