The State Securities Commission has agreed in principle to allow the Saigon Commercial Joint Stock Bank (Sacombank) to list shares on the Ho Chi Minh Securities Transaction Centre, the first bank to join the stock market in Vietnam.

By the end of March, Sacombank's chartered capital stood at VND1.899 billion (roughly US$120 million). After being listed, the bank will issue 30 million shares, of which 20 million will be traded on the municipal trading floor and the remaining 10 million will be sold to its strategic shareholders.

Along with Sacombank, the Viet Lien Joint Stock Company (Unico) has also been allowed to list shares. However, the company has yet to complete all necessary procedures.