Nguyen Kieu Giang
GIC played a part in Vietnam’s top three equity offerings ever, all of which were completed in the past year.
IFC, which invested in the bank in 2011, is working with an adviser on the potential sale of its 8 percent stake.
Nguyen Duc Tai is the man behind Mobile World Investment Corp., the country’s top seller of mobile phones and one of the biggest listed stocks. The company now has a market value of $1.7 billion.
The wealth fund is in talks to buy less than $100 million of stock in the offering.
The lender will list its shares on April 19 on the Ho Chi Minh City Stock Exchange, which will value it at about $781 million.
The deal marks a key step for billionaire Charoen Sirivadhanabhakdi’s company as it seeks to dominate Southeast Asia’s beverage market.