Credit hurdles to trip up foreign-backed projects

Credit hurdles to trip up foreign-backed projects

Foreign manufacturers are seeing new credit barriers to develop investment projects in Vietnam, which could reduce net capital inflows this year.

Foreigners’ share limit set to be raised

THE Ministry of Finance is set to raise the limit on the stake that foreign investors will be allowed to hold in a listed company within a couple of months.The head of the banking and finance department of the Ministry of Finance, Pham Phan Dung, confirmed to Vietnam Investment Review last week that a draft to raise, or even remove, the current 30 per cent limit on foreign shareholders was being developed.
Foreign banks get fairer deal

Foreign banks get fairer deal

Foreign banks can now mobilise capital in dong to a limit of 50 per cent of their registered capital.Deputy governor Tran Minh Tuan last week signed Decision No.1084 to allow the new limit after many requests from foreign banks.