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.

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

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.

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, 

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.

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

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

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.

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).

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.

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.

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

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.