The Board of Managers of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) will propose to shareholders at their Annual General Meeting (AGM) a plan to list its State owned shares on the Ho Chi Minh City Stock Exchange (HOSE), according to documents prepared for the AGM.

In January, VietinBank announced it had received an official letter from the State Bank of Vietnam (SBV) giving approval for the scheme.

VietinBank has charter capital of VND37.23 trillion ($1.72 billion), equal to 3.27 billion shares which include 1.32 billion shares currently listed on the stock exchange and 2.4 billion shares that are held by the State, accounting for 64.46 per cent of the bank's charter capital.

VietinBank will hold its AGM on April 14, according to local media.