Public Bank Vietnam has acquired RHB Securities Vietnam for USD 15.2 million to expand its financial services in Vietnam's growing capital market.
Information on the Target
In a significant development in the Vietnamese financial services sector, Public Bank Vietnam has successfully acquired RHB Securities Vietnam for USD 15.2 million. This acquisition enables Public Bank Vietnam, a wholly-owned subsidiary of Malaysia’s Public Bank, to expand its offerings to include securities trading and strengthen its position in Vietnam’s rapidly growing capital market. The deal, initially announced earlier this year, allows Public Bank Vietnam to leverage its existing customer base for the potential growth of its securities trading operations.
Industry Overview in Vietnam
The Vietnamese market has shown strong resilience and growth potential across various industries, particularly in Financial Services, Energy & Utilities, and Technology. The ongoing economic transformation and increased foreign investment have contributed to a favorable environment for both established and emerging players in these sectors.
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In the Financial Services industry, Vietnam is witnessing a surge in market activity as more institutions seek to tap into the country's burgeoning capital asse
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Public Bank Vietnam
invested in
RHB Securities Vietnam
in 2024
in a Other VC deal
Disclosed details
Transaction Size: $15M