Conducting an initial public offering (IPO) to list on a foreign stock exchange not only helps Vietnamese companies attract investors but also strengthens their status and the country’s profile in the world.
Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.
The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also hampered some lenders’ cross-border mergers, forcing them to take different approaches to their foreign ownership limit.
A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.