Vietnam Currency Discussion Board

[RICK C]

For those Interested in Foriegn Investments, This could be good-

"Investors said shares in Sacombank and Asia Commercial Bank ACB.HN, Vietnam's two listed banks, could rise if an upcoming initial public offering by state-run Vietcombank on Dec. 26 prices the shares above their starting price of 100,000 dong each.

Vietcombank, the country's largest firm to conduct an IPO, is slated to raise at least $604 million through the sale of 97.5 million shares, or 6.5 percent of its stock, at the auction this Wednesday, the exchange has said.

After the IPO, Vietcombank executives have said the bank planned to list on the Ho Chi Minh exchange by the end of the first quarter next year at the earliest. ($1=16,113 dong) (Reporting by Ho Binh Minh; Editing by Rory Channing)