The company plans to sell more than 10.75 million shares, or a 3.49 per cent stake in the bank at the starting price of VND9,756 (US$0.43) each.
The sale auction will be organised on December 2 at the Vietcombank Securities Company. Sai Gon Tourist will earn VND105 billion ($4.7million) if the sale is successful.
The tourism company also sold shares of Jetstar Pacific and Tan Son JSC in 2015. Shares of Jetstar Pacific were offered at VND15,000 ($0.66) each and shares of Tan Son JSC were offered at VND196,000 ($8.7) each.
HCM City-based SGB has total assets of VND16.5 billion ($733.3 million) and plans to increase that to VND19.3 billion ($857.7 million) in 2015.
As the leading tourism company in Viet Nam, Sai Gon Tourist received 2.15 million tourists, reaching revenue of VND16.36 billion ($727 million) in 2014.
Under the equitisation plan, state-owned Sai Gon Tourist has to divest its capital in 31 non-core enterprises by this year end.
