HANOI: Vietnamese lender BIDV, the country's biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the South-East Asian nation further opens up its economy to outsiders.
Hanoi-based BIDV may sell a 15-20% stake to a long-term foreign investor in the banking sector, and 10% to another overseas investor, while state ownership would be kept at 65%, chairman Tran Bac Ha told a news conference yesterday.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
