Vietnam Prosperity Joint Stock Bank VPBank has begun marketing one of the largest initial public offering in Vietnam's history, with a $200 million to $250 million issue that is scheduled to price at the end of June.
The transaction is an important one for Vietnam, as equity issuance starts to pick up and foreign funds take a closer look at the market.
As such, it will not only prove another test of investors' willingness to absorb extended settlement and trading risk, but also the stock market’s ability to help recapitalise the country's banking sector as it moves towards the delayed implementation of Basel II in...
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