After spending over US$1 billion on acquiring a large stake in Vinamilk, the largest automotive group from Singapore, Jardine Cycle & Carriage Limited Company (JC&C), has poured VND45 billion into acquiring an additional 1.1 million shares in Refrigeration Electrical Engineering Corporation (REE).
The Vietnamese Government is set to rein in the role of the State in the economy and encourage private sector-led growth.
Foreign ownership in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is officially at zero per cent, the bank announced late last week.
Tien Phong Plastic Joint Stock Company (Tien Phong Plastic) may allow total foreign ownership of its capital instead of the current 49 percent.
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.