The World Is Watching Vietnam's Big IPO

Hopes are riding high, but lackluster interest in Vietcombank's privatization means there could be trouble ahead

The long-awaited and oft-delayed initial public offering of Vietnam's largest state-owned bank is finally under way. The deal for Vietcombank is expected to raise $600 million—or more than the entire market capitalization of the Ho Chi Minh Stock Exchange just two years ago.

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