Vietcombank Equitization

Abstract

Finally, Bank for Foreign Trade of Vietnam (Vietcombank or VCB) has been equitized and transferred into the joint stock company model after 4 years with a lot of delays and debates. The biggest IPO in Vietnam has happened so far. The bank received a huge amount of money - more than $600 million -and became the biggest public firm in terms of market capitalization with the value about $10 billion for 1.5 billion shares at the IPO’s price.