VN Dealbook: Maritime Bank plans listing post merger, Vinaphil exits CII

Taking advantage of the government’s initiative to encourage bank mergers, to clean up the country’s fragmented banking sector, Vietnamese commercial banks are being proactive in sounding out smaller competitors. The latest development sees Maritime Bank, which plans to list no sooner than 2017, merge with Mekong Development Bank. Meanwhile, in an unrelated deal, Vinaphil Infrastructure Investment divesting from its mother company Ho Chi Minh City Infrastructure Investment Corp.