Several Japanese investors have seen the slump in the securities market as an opportunity to buy stocks on the cheap in Vietnamese banks. Tokyo – Mitsubishi UFJ wants to buy 20 per cent of Vietinbank’s stakes in the first half of 2013 Big deals When Tokyo – Mitsubishi UFJ Bank announced plans to buy a stake in Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), a... 

Joint-Stock Commercial Bank for Foreign Trade of Vietnam, the state-owned lender known as Vietcombank, said it will sell a 15 percent stake to Mizuho Financial Group Inc. for about $570 million. The central bank approved the sale, Chairman Nguyen Hoa Binh said by telephone Tuesday. Vietcombank will issue about 347 million new shares for the stake, said Chief Executive Officer Nguyen Phuoc Thanh, who...