OceanBank eyeing foreign investors

Vietnam's OceanBank is looking for a foreign strategic partner.

The creditor’s chairman Ha Van Tham said the bank was now in talks with a number of potential foreign investors, but the total holding of any such future partner was still up in the air.

Under existing rules, a foreign strategic partner can hold up to 15 per cent stake in a local credit institution. The stake can be raised to maximum 20 per cent subject to the prime minister’s approval on a case-by-case basis.