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.
An amendment proposal which attracted attention was that banks which received the forced transfer of weak credit institutions could extend the foreign ownership limit from 30 per cent to 49 per cent.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has announced a temporary foreign ownership limit at 22.532 per cent of charter capital to prepare for a private placement.
The Prime Minister’s working group has asked the Ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 per cent at enterprises where foreign investment is not restricted.