An ACB branch in Hai Phong City, northern Vietnam. Photo by Shutterstock/huntergol hp.
The Ho Chi Minh Stock Exchange, the country’s main bourse, has approved the listing of Asia Commercial Bank.
The stock was traded on the Hanoi Stock Exchange (HNX) on Friday at VND27,300 ($1.18) after rising 56 percent since the beginning of this year, giving it a market cap of VND59 trillion.
ACB’s pre-tax profits in the first nine months rose 15 percent year-on-year to VND6.4 trillion.
The exchange has said earlier it expects ACB to be in the VN30 basket of the 30 largest listed companies.