Vietcombank

Again, we expect EM equities may well underperform in the near term, but we believe they will outperform over a longer period.

SINGAPORE (Jan 17): Singapore sovereign fund GIC has hit a snag as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said.

SINGAPORE (Aug 29): GIC, Singapore’s sovereign wealth fund, on Monday made its first significant direct investment in a commercial bank in Vietnam.

SINGAPORE (Aug 5): Singapore's GIC is in talks to own a stake of at least 7% in Vietcombank, sources with knowledge of the matter said, in what would be the sovereign wealth fund's second major investment in Vietnam this year.