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Fintech firms concerned about foreign ownership cap
A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
Central bank to lower foreign ownership in payment intermediaries
The State Bank of Vietnam (SBV) plans to lower the foreign ownership rate in the payment intermediary service sector to 49 percent instead of leaving it unrestricted to avoid manipulation by foreign investors in the field.
