Vietnam Eximbank boosts its capital base by selling its stakes to BVI, South Korea and Vietnam Funds

Last week Vietnam’s Export Import Commercial Bank (Eximbank) said that it has raised its capital base by 1/3 after ending its share sales to foreign investors. Its registered capital rose 33.3% in the end of May, as it ended selling shares to Sumitomo Mitsui, Japan’s third largest bank.

Eximbank sold 5% of stake to British Virgin Islands-registered VOF Investment Ltd, 4.5% to MAE under South Korea’s top mutual fund Mirae Asset group, and 0.5% to Mirrae Asset Maps Opportunity Vietnam Equity Balanced Fund1.

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