“It’s a market that we think there’s a lot of opportunity in,” said Jeffrey Perlman, Southeast Asia chief for Warburg.
President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.
Vingroup has tapped Citigroup, Credit Suisse, Deutsche Bank and Morgan Stanley for the planned IPO of Vinhomes.
The $1.5b upwards fundraising round has seen investments from a dozen investors including BlackRock and Google.
Troubled commodities trader Noble Group Ltd has warned of a massive annual loss, citing challenging operating conditions.
The move comes days after India’s three main bourses announced they would stop licensing their indexes to overseas exchanges.
Deutsche Bank dropped out of the world’s top 15 private banks in 2016, after it withdrew from a number of countries.
The only other investor in the fray is an individual seeking a smaller holding.
Thai Beverage, Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for Sabeco, whose $5 billion sale process opens this week.
In a series of recent moves, the Vietnamese authorities have indicated they may be more serious about significant sales of government-owned companies.