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Japan's SMBC in talks to increase stake in Vietnam's VPBank, sources say
Source: reuters.com
M&A & RestructuringBanking & LiquidityEmerging Markets
Japan's Sumitomo Mitsui Banking Corp is in advanced negotiations to increase its stake in Vietnamese private lender VPBank, according to four sources familiar with the talks. A larger SMBC investment would strengthen VPBank's foreign strategic backing and underscores Japanese banks' interest in Vietnam's expanding financial sector.
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