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.
Do you know more about this story? Contact us anonymously through this link.