What's left, out of more than 500 big and small lenders in the region, is Bank for Foreign Trade of Vietnam JSC, a.k.a. Vietcombank, which just agreed to sell a 7.7 percent stake to Singapore's sovereign wealth fund for less than $400 million. From investors' perspective, Vietnam's banks are among the most palatable in Asia at present. What gives Vietnam's banks an added luster is the rapid diversification of the country's trade basket. Thanks to Samsung, Vietnam has earned more this year by exporting smartphones and parts than by selling fish and textiles.

Source: Thanhnien News September 02, 2016 01:52 UTC