HÀ NỘI — The State Bank of Vietnam (SBV) has just allowed the Japanese multinational banking financial services institution, Sumitomo Mitsui Banking Corporation (SMCB), to buy newly issued shares of VPBank (VPB). To acquire 1.19 billion VPB shares, SMBC would pay more than VNĐ35.9 trillion (US$1.5 billion). SMBC's ownership ratio accounted for 15 per cent of VPBank's capital after purchasing 1.19 billion shares. For the next five years, the transfer of the number of shares bought by SMBC will be limited. On the stock exchange, VPBank shares were traded at VNĐ20,600 a share.
