Exclusive-Japan’s SMBC in talks to increase stake in Vietnam’s VPBank, sources say

Japan's SMBC is currently engaged in discussions to increase its ownership stake in Vietnam's VPBank. According to reports from Reuters and other sources, the Japanese financial institution is aiming to raise its holding in the Vietnamese bank to approximately 20%. This strategic move indicates a significant expansion of SMBC's investment within the Vietnamese banking sector as the two entities negotiate the terms of the increased equity stake to strengthen their financial partnership.