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Cross-ownership

New law tightens cross-ownership in credit institutions

New law tightens cross-ownership in credit institutions

Cross-ownership and manipulation in credit institutions will be tightened after the revised Law on Credit Institutions took effect from July 1, 2024.
PM asks to put cross ownership at credit institutions under scruntiny

PM asks to put cross ownership at credit institutions under scruntiny

Scrutinising cross ownership and manipulation at credit institutions aims to ensure system safety as well as financial and monetary security.
Its time to allow foreign firms to list in Việt Nam: experts

It’s time to allow foreign firms to list in Việt Nam: experts

The economy grew at 6.7 per cent in the second quarter. The foreign-invested sector is considered a key player in helping Viet Nam achieve such growth rates through its exports.
Cross-ownership in the banking system almost resolved

Cross-ownership in the banking system almost resolved

Cross-ownership in the country’s banking system had almost been eliminated, a recent report by the State Bank of Viet Nam (SBV) showed.
SBV to end cross-ownership in Vietnamese banks

SBV to end cross-ownership in Vietnamese banks

The State Bank of Viet Nam (SBV) has set a target to stop cross-ownership among credit institutions (CIs) by the end of 2020.
SBV tries to extend divestment deadline for small banks

SBV tries to extend divestment deadline for small banks

The State Bank of Viet Nam has sought the Government’s permission to allow credit institutions more time to sell their stakes in other lenders since many smaller ones are struggling to do so.
Tighter rules for banks

Tighter rules for banks

The State Bank of Viet Nam (SBV) has decided to push ahead with restructuring the banking system, applying stricter measures to effectively prevent cross-ownership at commercial banks.
New regulation reduces cross-ownership in banks

New regulation reduces cross-ownership in banks

Cross-ownership in banks has decreased sharply after the banks recently changed their top leaders at the 2018 annual general meetings of shareholders (AGMs) to meet the central bank’s new regulation.
Bank cross-ownership, a tough problem to crack?

Bank cross-ownership, a tough problem to crack?

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Sai Gon Bank for Industry and Trade (Saigonbank) and Viet Nam Cement Finance Company.  
SBV focus on bank cross-ownership

SBV focus on bank cross-ownership

Cross-ownership in Vietnamese banks will be controlled with stringent new regulations.
Banks fail to meet cross ownership deadline

Banks fail to meet cross ownership deadline

Four months after the deadline set by the State Bank of Viet Nam (SBV) for resolving cross ownership in the banking system, the problem persists.
Banks reduce cross-ownership

Banks reduce cross-ownership

Only three pairs of commercial joint stock banks had cross-ownerships, down three pairs from 2012, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh.
SBV seeks to curb bank cross ownership

SBV seeks to curb bank cross ownership

Governor of the State Bank of Viet Nam Nguyen Van Binh has committed to take more measures against cross ownership in local commercial banks to make the banking system safer.