foreign ownership

Update news foreign ownership

The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. 

Modernisation a necessity for boom in home petrol market

To foster a competitive market mechanism while remaining in control of the petroleum market, Vietnam could impose a foreign ownership cap of 35 per cent in the sector.

Careful consideration must be given to extending foreign ownership at petrol and oil business to 35%: Deputy PM

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35 per cent.

Vietnamese banks take cautious approach to foreign ownership limit

Vietnamese banks assets are taking different approaches to their foreign ownership limit to counter the effects of the pandemic.

Chinese funds pour money into Vietnamese market

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

 

Real estate expert proposes policy allowing foreigners to own land

A policy allowing foreign individuals and organisations to buy and own houses and construction works in Vietnam will help lure investment and high quality human resources from the outside to the country for national development, 

Da Nang clarifies suspicion of foreigners acquiring land use rights under names of Vietnamese nationals

The Department of Natural Resources and Environment of central Da Nang City confirmed that it has not granted land use rights to any foreign individuals.

Allowing foreigners to buy tourism property developments needs careful consideration

The Ministry of Construction’s proposal to allow foreigners to buy tourism property developments in Viet Nam needs careful consideration, experts have said.

 

Hanoi announces lists of housing projects open for foreign ownership

Foreigners are eligible to own houses in a tenure of 50 years with renewal possibility.

Banking sector to cash in on benefits from EVFTA

The Vietnamese banking sector will have more opportunities to improve its financial capacity as well as learn modern business models and management from their EVFTA takes effect, according to insiders.

VN banks more open for EU investors under newly-approved trade pact

Investors from the EU will have opportunities to own higher stakes in Vietnamese banks than those from other countries under Việt Nam’s commitments in the EU-Vietnam Free Trade Agreement (EVFTA).

SBV removes foreign ownership limit in payment firms

The State Bank of Vietnam (SBV) has announced it would remove regulations limiting foreign ownership in local intermediary payment firms from its draft Decree No 101.

FOL concocted for fintech segment

Local regulators are ratcheting up pressure in a bid to curb the risks from spreading financial technology by setting up a foreign ownership limit of 49 per cent.

Foreign groups grasp more aviation control

Buoyed by the upcoming increase in foreign ownership limit, international investors will be offered expanded opportunities to explore the lucrative Vietnamese aviation industry. 

Vinaconex to increase foreign ownership to 49 percent

Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex or VCG) plans to eliminate and amend some business lines to open more room for foreign investors, to 49 percent.

 

More foreigners are buying apartments in Vietnam

VietNamNet Bridge - Many foreigners have bought houses in Vietnam since the government removed strict regulations on foreign ownership. 

New foreign ownership rule to shake up real estate market

 Viet Nam's real estate market will become more competitive within the region because foreigner property rights will soon be allowed, Savills Viet Nam said in a statement on November 26.

BUSINESS IN BRIEF 7/11

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Easier foreign ownership likely to revive property market

 VietNamNet Bridge – A Construction Ministry recent proposal on creating more favourable conditions for foreigners to buy property is considered a step in the right direction to attract stronger foreign investment inflows.

Foreign ownership limits set for houses, apartments

 VietNamNet Bridge – An amended Housing Law draft would restrict foreign ownership to no more than 30 per cent of apartments in a building, or 250 houses in a ward.