, Vietnam

OceanBank eyeing foreign investors

Vietnam's OceanBank is looking for a foreign strategic partner.

 

The creditor’s chairman Ha Van Tham said the bank was now in talks with a number of potential foreign investors, but the total holding of any such future partner was still up in the air.

Under existing rules, a foreign strategic partner can hold up to 15 per cent stake in a local credit institution. The stake can be raised to maximum 20 per cent subject to the prime minister’s approval on a case-by-case basis.


 

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Singapore investment banking fees up 18% to $257.5m in Q1
But ECM underwriting fees fell to its lowest since 2016 and syndicated lending fees declined.
SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Retail Banking
India’s credit card spend slumps 9% MoM to 7-month low
Whilst spending grew 12% YoY, the pace of growth has slowed compared to previous months.
CommBank establishes tech hub in Seattle
The first cohort focuses on learning to fast track adoption of agentic AI and gen AI solutions.

Exclusives

Wealth firms eye a pie of India's startup boom
The ultra-rich have started looking at small and mid-sized companies.
Wealth Management
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
RCBC boosts rural presence with ATM Go
The service, which allows cardless transfers, is now available in all Philippine cities.
BCA superapp drives digital transaction growth
Inter-account transfers were the most widely used service, followed by virtual payments.