The Hanoi Department of Construction has listed 22 commercial housing projects, some complete and some under construction, where foreigners can own homes.
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.
The Government has issued a new decree, amending air transport business requirements to create favorable conditions for enterprises to penetrate the sector.
Central Khanh Hoa Province has ordered a real estate developer to terminate 20 contracts selling apartments to foreigners, saying the sale was unauthorized.
Vietnam’s Military Commercial JSC (MBBank) is seeking to sell a 7.5 percent stake to one or more foreign investors this year.
The 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.
Both Vietnamese and foreign banks are rushing to raise their chartered capital to satisfy the requirements of Basel II.
In 2019, the southern Ho Chi Minh Stock Exchange (HoSE) will work on a special mechanism that allows foreign investors to trade shares of companies that have run out of room for foreign ownership, especially investors from Thailand, Malaysia and Japan.
Food producer KIDO Group has raised its foreign ownership cap from 49% to 100%, according to a proposal approved recently by the State Securities Commission (SSC).
The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
Foreign investors have provided more opportunities for Vietnamese firms in the country’s deep international integration process as they are not only involved in financing but also in running invested firms, devising strategies and expanding their markets.
The Ministry of Transport (MoT) has proposed to raise the foreign ownership limit for airlines to 49 per cent, as well as removing the difference in charter capital between international and domestic airlines.
Vietnam’s Government bond market needs to be made more appealing, as recent years have seen a lack of foreign participation.
The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent.
The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10% stake, to foreign investors in the first half of 2018.
Every evening, large groups of workers and friends gather for lager and snacks at a beer garden along Quang Trung Street in Hanoi.
Over the past three years, numerous foreign investors made noteworthy divestments at Vietnam-based commercial banks due to the inconsiderable ownership.
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.