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.