The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily.
On August 2, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property.
A number of leading corporations have lifted the foreign ownership ratio limit after the government issued Decree 60.
According to the materials for the shareholders’ meeting to be held on April 27, PVI Holdings is going to submit a plan of expanding the foreign ownership limit to 100 per cent for consideration.
An expected rise in foreign direct investment and domestic demand will continue driving the local economy forward until next year.
VOV.VN -Prices of luxury and high-end real estate in Vietnam are still attractive to foreigners when compared with other Southeast Asian regional markets, said the chair of the Vietnam National Real Estate Association, Nguyen Tran Nam, in a recent interview.
FPT Securities Joint Stock Company (FPTS) has obtained approval from the State Securities Commission to lift its foreign ownership limit.
A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.
Foreign ownership rates in Vietnamese companies remain low though Decree 60 stipulates no limits in most sectors, the second Vietnam International Investor conference heard in HCM City last week.
VOV.VN - The Vietnam government is contemplating raising the foreign ownership cap on domestic banks beyond the current maximum limit of 30%, according to a recent report by Reuters.
The sale of Sabeco, the largest beer manufacturer, and Vinamilk, the largest dairy producer, is expected to bring great opportunities to foreign investors.
The Ministry of Planning and Investment has suggested the Government move on with a major plan to equitize State-run commercial banks, saying that the Vietnam Bank for Agriculture and Rural Development (Agribank) should go public from now to 2020.
The 2016 Property Report Congress, the country’s most exclusive real estate conference where Asian real estate leaders meet, opens today at Ho Chi Minh City’s InterContinental Asiana Saigon Hotel.
At least four partly private banks in Vietnam, including Vietcombank and Vietinbank, are reportedly seeking the government's permission to increase their foreign ownership above the stipulated 30% cap.
Plans of increasing the percentage of foreign ownership will continue gripping the attention of investors when companies propose them in their annual general shareholder meetings (AGM) normally taking place in the second quarter of the year, securities experts said.
On February 21 Vinh Hoan Fisheries Joint Stock Company (VHC) became the third listed company to offer 100% of its ownership to foreign investors after Government Decree 60/2015/ND-CP took effect.
Shinhan Investment Corp., a member of the Republic of Korea (RoK)’s Shinhan Financial Group, has inaugurated a securities firm in Ho Chi Minh City, as part of its plan to secure new growth globally.
Military Commercial Bank (MB), Vietnam's fourth biggest listed lender by market value, expects to offer foreign investors an additional 10% stake this month in a bid to improve liquidity in the stock, a senior executive said.
VOV.VN -One of the measurements of development in Vietnam, as in any country, is the level of foreign direct investment (FDI) say economists, because it represents a long-term commitment by foreign companies to the economy.
The Vietnamese government has published a list of 17 business sectors that are open to foreign investors, with some conditions, in a bid to improve the investment environment following this year's record inflow of foreign capital.