Decree No 60

Update news Decree No 60

Green light turns on, but foreign investors hesitate to go ahead

VietNamNet Bridge - Decree No 60 allowing foreign investors to hold up to 100 percent of stake in Vietnamese businesses took effect in early September. However, foreign investors still are doubtful about its enforcement.

Vietnam cautious about lifting foreign-ownership ceiling for banks

VietNamNet Bridge - The government’s lifting of the foreign ownership ceiling in Vietnamese commercial banks has been a hot topic on all securities trading floors in recent days.

How much room is available for foreign investors in Vietnamese banks?

VietNamNet Bridge - While the government of Vietnam has opened the door widely to foreign investors in many business fields, it remains very cautious with the banking sector.

Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved, it will be the first bank with a foreign ownership of over 20 percent.

New circulars for foreign ownership ratio in enterprises still not issued

Two circulars from two ministries are needed to bring into force the government’s decree on lifting foreign ownership ratios in Vietnamese enterprises. One circular has been released. The second has not.

Vietnamese stock market: favorable conditions converge

All the favorable conditions for the stock market to prosper can be seen at this moment: open policies, the strong recovery of the economy, interest of international investors, and strong capital flow to frontier markets.

Vietnamese stock market now attractive to foreign investors

Vietnam is emerging as one of the most attractive emerging markets, as reported in many foreign newspapers and financial newswires, after the government of Vietnam lifted the foreign ownership ratio ceiling in unconditional business fields.

Decree 60 opens business doors, but barriers still exist

VietNamNet Bridge - Foreign investment funds have said that Decree No 60 on lifting the foreign ownership ratio ceiling will mostly affect listed companies. As for other companies, the room for foreign investors remains unclear.

SSC urges businesses to increase foreign-investor stake

Enterprises in several business fields are now able to implement regulations in Decree No 60 that increase the foreign-ownership ratio in Vietnamese companies, with no need to wait for guiding documents.