Vietnam

There was a buzz in Vietnam’s equity capital market this week as Vietnam Prosperity Joint Stock Commercial Bank (VPBank) listed its shares on the Ho Chi Minh Stock Exchange (HOSE), and PV Power revised its privatisation plans to boost the IPO portion.

Vietnam’s equity capital market is set for some action, with Vietnam Prosperity Joint Stock Commercial Bank (VPBank) looking to list its shares on the Ho Chi Minh Stock Exchange this week, and PV Power planning an IPO.

Vincom Retail is gearing up for an IPO of about $600m in Vietnam as early as September, with three international banks leading the trade.

As the mythical summer lull approaches the Asian market, bankers are naturally planning their getaways. But for a lucky few, workdays can often look like holidays in all but name.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has allocated its $100m loan among nine lenders, with three Indian banks collectively taking half the deal.

Lotte Vietnam Shopping has hit the international syndicated loan market for a $300m borrowing, with Standard Chartered at the helm.

Just as the country’s prime minister, Nguyen Xuan Phuc, met with Donald Trump on a US tour, Vietnam’s equity capital markets were repeatedly in the news over the last few weeks, with a flurry of IPOs and new listings, heralding that issuers there may finally be coming of age, writes columnist Philippe Espinasse.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is tapping the syndicated loan market for $100m split into two tranches with different tenors.

Online gaming and media platform VNG Corp is eyeing a listing on the Nasdaq, potentially the first US IPO from a Vietnamese firm, according to a statement from the company.

Online gaming and media platform VNG Corp has set in motion plans for an IPO on the Nasdaq, which would make it the first Vietnamese firm to list in the US, according to a statement from the company.

VietinBank, one of the largest state-owned commercial lenders in Vietnam, has returned to the loan market, just four months after tying up its last fundraising.

Vietnam Prosperity Joint Stock Commercial Bank is drumming up interest for its planned IPO, set to be one of the largest in the country at $250m. The trade is already in hot demand, as foreign interest in the country grows and domestic investors seek out more stocks. Jonathan Breen reports.