PwC (Vietnam) Limited advised Vietnam Joint Stock Commercial Bank for Industry and Trade on the sale of a 49% equity interest of VietinBank Leasing Company Limited to Mitsubishi UFJ Lease & Finance Company Limited

VietinBank Leasing is a wholly owned subsidiary of VietinBank, which is one of the four leading state-owned commercial banks in Vietnam. VietinBank Leasing is a leasing company that has constantly expanded its market share in Vietnam, supported by VietinBank’s strong brand recognition and solid customer base. In tandem with the sustained economic growth in Vietnam, its leasing market has also experienced constant growth; steady development and further expansion are expected in the future.

MUL has expanded its business with offices in many ASEAN countries while responding to various needs of its local customers. Through the investment in VietinBank Leasing, MUL will launch its business in Vietnam to provide excellent financial services to local customers while sharing its extensive expertise and knowledge with VietinBank Leasing.

PwC Vietnam Corporate Finance team acted as the exclusive financial advisor to VietinBank in connection with the transaction.

The PwC team:

Gregory Bournet                                          Angela Yang,
Partner, PwC Malaysia                                  Director, PwC Vietnam