Sign up | Log in



Home  >>   Daily News  >>   Vietnam >> Investment >>VPBank opens to foreign investors
NEW UPDATES Asean Affairs  12 October  2015  

VPBank opens to foreign investors

VPBank has asked shareholders to approve their plan to sell the bank's stakes in several of its subsidiaries to foreign investors, an atypical opportunity for foreigners interested in entering the market.

Working with foreign investors is not a completely new venture for VPBank. After the Singapore-based Overseas Chinese Banking Corporation Limited (OCBC) withdrew its capital in 2013, the bank has had no foreign investors.

VPBank's change of mind was announced on their website last week, along with details of the plan.

The bank wants to offload 86.33 million shares or 89 per cent of its complete ownership of VPBank Securities Company (VPBS). The stock package is tentatively worth VND863.3 billion (US$38.37 million).

VPBS was founded by VPBank in 2006 with a charter capital of VND50 billion ($2.22 million). At the end of June, VPBS recorded VND970 billion ($43.1 million) in capital. The deal will transform VPBS from a one-member company into a joint stock company, which they hope to see happen by the first quarter of next year.

VPBank said they would also like to put 49 per cent of VPBank Finance Company (VPBFC) stocks up for grabs by foreign investors, which is valued at VND1 trillion ($44.4 million). The active call for foreign investors is a sign of an increasing openness in business and banking policies.

The new company was founded last year after VBBank acquired Vietnam Coal-Minerals Finance Co. Ltd. from Vinacomin.

VPBank also plans to issue a number of shares, up to 30 per cent of the bank's capital, to an overseas investor in order to raise capital to serve the bank's core businesses.

VPBank said that the moves would help the bank improve its equity capital, restructure and improve its use of shareholding capital.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           October 12 , 2015 Subsribe Now !
Property market looks for TPP edge Subcribe: Asean Affairs Global Magazine
• VPBank opens to foreign investors
• Siemens sets sights on govt’s mega power plant project  
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thailand expects 7 million Chinese tourists in 2015
• PPAP seeks to generate $6.4M in IPO
Asean Analysis                   September 24, 2015
• Asean Analysis September 24, 2015
Advertise Your Brand

Asean Stock Watch  October 9,   2015
• Asean Stock Watch-October 9, 2015
The Biweekly Update
• The Biweekly Update September 18, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand