The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower.
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 assets are taking different approaches to their foreign ownership limit to counter the effects of the pandemic.
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.
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.
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.
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.