August 4, 2007
Eximbank to sell 15% stake to Japanese Bank http://www.nhandan.com.vn/english/business/040807/business_3.htm#Eximbank%20to%20sell%2015%%20stake%20to%20Japanese%20Bank
The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) plans to sell its 15% stake worth US $225 million to Japanese strategic partner Sumitomo Mitsui Banking Corporation (SMBC).
The sell off is part of an Eximbank's plan to raise its chartered capital by 25% to more than VND 3.7 trillion (US $233.3 million) from its current VND 2.8 trillion (US $175 million). http://www.nhandan.com.vn/english/business/040807/business_3.htm#Eximbank%20to%20sell%2015%%20stake%20to%20Japanese%20Bank