vpbank looks for foreign strategic partner

VPBank looks for foreign strategic partner

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.
masan raises foreign ownership limit to 100 per cent

Masan raises foreign ownership limit to 100 per cent

Vietnamese conglomerate Masan Group has just been approved by the State Securities Commission (SSC) to increase its foreign ownership limit to 100 per cent.
a global perspective of vietnamese equity market

A global perspective of Vietnamese equity market

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).
hdi global se samples ways to cut ownership in vietnamese non life insurer pvi

HDI Global SE samples ways to cut ownership in Vietnamese non-life insurer PVI

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.
hdi global se fined for violating foreign ownership rules

HDI Global SE fined for violating foreign ownership rules

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.
more thrust to propel foreign investment in aviation

More thrust to propel foreign investment in aviation

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.
vietnamese banks take cautious approach to foreign ownership limit

Vietnamese banks take cautious approach to foreign ownership limit

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.
domestic banks take cautious fol approach

Domestic banks take cautious FOL approach

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.
hdbank to fix fol and privately issue 160 million international convertible bonds

HDBank to fix FOL and privately issue $160 million international convertible bonds

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.
hdi global se allegedly fined for violations of securities market regulations at pvi

HDI Global SE allegedly fined for violations of securities market regulations at PVI

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.  
unlocking vietnams immense fintech potential

Unlocking Vietnam's immense fintech potential

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.
oil sector open on back of new eased fol cap

Oil sector open on back of new eased FOL cap

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.
vpbank to drop foreign ownership limit from 23 to 15 per cent

VPBank to drop foreign ownership limit from 23 to 15 per cent

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.
sbv reneges on 49 per cent fol proposal for fintech companies

SBV reneges on 49 per cent FOL proposal for fintech companies

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.
reflecting reality for foreign owner ratios

Reflecting reality for foreign owner ratios

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.
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