SEOUL -- South Korean banks are scrambling to expand their presence in Vietnam, betting on the emerging country's growth potential and its intent to loosen foreign ownership limits.
KEB Hana Bank, South Korea's second-largest lender by assets, is in talks with Vietnam's central bank to buy a 17.65% stake in Bank for Investment and Development of Vietnam, a source said. The deal price is expected to reach 30 billion won ($26.6 million).