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Vietnam starts next phase of bank reform with TPBank listing 

April 6, 2018

Asian Review

"Tien Phong Commercial Joint Stock Bank, or TPBank, will debut on Vietnam's main stock exchange on April 19, the first of 10 domestic banks scheduled to list in 2018.

Out of the 31 lenders ordered by the government to list, 17 banks, including TPBank, have still to do so. The State Bank of Vietnam has told them to meet Basel II international bank capital rules by the end of 2020.

TPBank will list 555 million shares at an offer price of 32,000 dong ($1.40) each on the Ho Chi Minh City Stock Exchange. The lender has raised its foreign ownership limit to 30% ahead of the offering."

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