Daily Briefing: GIC to nab Vietcombank stake; IPO group greenlights SGX’s dual-class share move

And here are micro-businesses for Singaporean youth.

Singapore sovereign wealth fund GIC will buy a 7.7 percent stake in Vietnam's biggest bank, both companies said in a joint statement on Monday. GIC signed a memorandum of agreement to buy 305.8 million new shares of Vietcombank, the fund's first significant direct investment in a Vietnamese commercial bank. Read more here.

Singapore’s stock exchange won approval from its listing advisory committee to allow dual-class shares, as it seeks to lure international businesses. Companies will be permitted to have weighted voting rights, subject to various corporate governance safeguards to mitigate the inherent risks of such structures, according to the report by Singapore Exchange Ltd.’s committee published Monday. Read more here.

Today’s kids are a lot more savvy—unlike Singaporean children growing up in the 80s and 90s, they know what it takes to be a social media star, and their aspirations are no longer to become astronauts and firefighters but investment bankers. Instead of working at McDonald’s for $5 an hour, here are some microbusinesses kids can start on their own. Read more here.

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