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Foreign ownership cap
Update news Foreign ownership cap
VN central bank delays foreign ownership cap in payment services industry
The State Bank of Vietnam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101.
Foreign ownership cap yet to be applied at payment intermediaries
The State Bank of Vietnam (SBV) has removed a regulation capping foreign ownership at 49% for local payment intermediaries from a draft decree on noncash transactions.
BUSINESS IN BRIEF 10/1
Vietnam becomes world’s No1 pepper exporter; Vietnam toasts trade surplus with Japan; Decree lifts foreign ownership cap; JBIC opens representative office in Hanoi; Foreign currency account opening regulated
