Vingroup picks banks for property unit IPO that could raise $1b

Vingroup picks banks for property unit IPO that could raise $1b

Ho Chi Minh City, Vietnam. Photo: Pixabay

Vingroup JSC, Vietnam’s biggest property developer, has picked four foreign banks for a planned $1 billion listing of its residential property business, sources familiar with the matter said, which will mark a strong run of IPOs in the country.

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