Vingroup, Vietinbank & VPBank in race for strategic stake in Saigon Port

Vingroup, Vietinbank & VPBank in race for strategic stake in Saigon Port

The first 52,020 DWT vessel at the Saigon Port. Visual from the Ho Chi Minh City Transport Department's website

Vietnam-based property giant Vingroup, and commercial banks  – Vietinbank and VPBank – have all put in bids to buy a strategic stake in the country’s busiest container Saigon Port, as the state-owned company prepares for its initial public offer (IPO) this month.

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