Friday, November 10, 2006

State-owned banks get ready for IPO

The Bank for Investment and Development of Vietnam (BIDV) and the Industrial and Commercial Bank of Vietnam (Incombank) will o fulfill international norms before carrying out the disinvestment and will equitize in 2007.

The Bank for Agriculture and Rural Development of Vietnam (Agribank), has been instructed to complete this by the end of next year, equitzing in 2008.

The Bank for Foreign Trade of Vietnam (Vietcombank) and the Housing Bank of the Mekong Delta, have already kicked off the process and are expected to go public next year.

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