The share auction will take place on May 31, 2007, Finance Ministry Decision 945 QD/BTC dated March 7, 2007 having given the go-ahead for the sale.

Bao Viet seeks to obtain VND6.8 trillion in chartered capital when it releases 680 million shares during the IPO, of which the State is to hold 444.3 million shares (65.34 percent), Bao Viet staff members 4.76 million shares (0.7 percent), domestic strategic investors 49.1 million shares (7.22 percent), foreign strategic investors 122.4 million shares (18 percent) and the general public 59.44 million shares (8.74 percent). The IPO price will be VND30,500 per share.

No shares can be sold to insurance companies in Vietnam (including their subsidiaries and investment funds) or to Bao Viet subsidiaries.