20-05-2021 08:45
Vietnam Prosperity Bank, or VPBank (HSX: VPB) has just announced setting its maximum foreign ownership limit at 15 per cent, with plans to make a private placement for a foreign strategic investor.
18-05-2021 16:05
Vietnamese conglomerate Masan Group has just been approved by the State Securities Commission (SSC) to increase its foreign ownership limit to 100 per cent.
06-05-2021 10:00
Currently, the Vietnamese market is classified by MSCI as a frontier market, one level below the emerging market bracket. We estimate that the biggest obstacle for Vietnam to become an emerging market has been the foreign ownership limit (FOL).
29-04-2021 10:58
Germany-headquartered insurer HDI Global SE – the largest shareholder of Vietnam’s non-life insurer PVI – has been fined for holding stakes in excess of the foreign ownership limit. However, what route HDI chooses to comply with Vietnamese regulations remains a question.
23-04-2021 12:57
On April 16, the State Securities Commission (SSC) issued a decision to sanction administrative violations against HDI Global SE – a Germany-based corporation which is the major shareholder of Vietnamese non-life insurer PVI – due to non-compliance with information disclosure and violating foreign ownership limit rules.
30-10-2020 10:00
Despite expectations to the contrary, Vietnam’s existing rules easing access to conditional business lines in civil aviation have been unable to improve the sector’s investment picture, with financiers calling for relaxation of foreign ownership limits.
24-09-2020 16:11
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.
16-09-2020 09:00
The current pandemic has not only put mounting pressure on the quality of Vietnamese banks’ assets and profitability but also dampened some lenders’ cross-border mergers, forcing them to take different solutions regarding their foreign ownership limit.
09-09-2020 22:00
Ho Chi Minh City-based commercial lender Housing Development Joint Stock Commercial Bank (HDBank, HSX: HDB) has just announced a decision to reduce its foreign ownership limit to 21.5 per cent and the Board of Directors’ resolution ratifying the private placement of $160 million international convertible bonds.
01-09-2020 15:54
The State Securities Commission (SSC) has fined HDI Global SE – a German investor which is the largest shareholder of Vietnamese non-life insurer PVI – for non-compliance with information disclosure and violating foreign ownership limit rules.
28-07-2020 20:00
With immense potential and removal of foreign ownership limits, Vietnam could become a darling for multinational and local fintech firms alike that want to reap the fruits of the booming market.
22-07-2020 08:00
Even if the latest proposal for international investors to be able to own up to 35 per cent of Vietnamese oil firms comes true, it may still not be smooth sailing for foreign groups to step up in the market.
25-05-2020 18:50
At its recent annual shareholders' meeting, the Board of Directors of VPBank signalled that it would reduce its foreign ownership limit in the coming time.
12-02-2020 14:57
The State Bank of Vietnam (SBV) has reneged on its intentions to add a 49 per cent foreign ownership limit for payment intermediaries and fintech firms in the draft decree on non-cash payments.
01-01-2020 09:14
A recent draft decree from the State Bank of Vietnam raised eyebrows with its contents on ownership ratios for overseas groups when it comes to payment intermediary services. Lawyer Pham Duy Khuong, managing director of ASL LAW, writes about whether or not the foreign ownership limit should indeed be restricted for such services.