The total issuance value is estimated at VNĐ214 billion, which will raise Techcombank’s charter capital from VNĐ70.649 trillion to approximately VNĐ70.862 trillion.
According to the Law, which took effect from July 1 this year, institutional shareholders will need to lower the percentage of shares they hold in a credit institutions from 15 per cent to 10 per cent
Việt Nam ranks second in the world in cryptocurrency ownership with 21.2 per cent of the population adopting crypto, according to data from the Crypto payment gateway Triple-A.
Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.
The regulation about granting ownership certificate for condotels and officetels was expected to tackle the legal bottlenecks for enterprises and individuals investing in these properties which had been existing for nearly a decade.
The State Bank of Viet Nam (SBV) has asked the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
The Housing Law amendment draft''s articles 25 and 26 no longer feature contentious concepts like a definite term for apartment ownership or the extension of the term of apartment ownership as in previous drafts.