Consider easing restrictions on foreign ownership of construction projects: VCCI

Consider easing restrictions on foreign ownership of construction projects: VCCI

To assist the growth of the real estate market, the VCCI has proposed allowing foreign individuals and organisations to acquire construction sites.
FOL hikes and merger plans on the cards

FOL hikes and merger plans on the cards

Mergers and acquisitions in Vietnam’s banking sector are anticipated to be more vibrant as more lenders look to increase the foreign ownership limit and enhance their footprint in weak banks’ restructuring process.
Law revisions necessary to clarify foreign property rights

Law revisions necessary to clarify foreign property rights

Experts continue to point out discrepancies in the laws that touch on foreign ownership of property in Vietnam, in the hopes that current amendments will take them into account.
State-owned banks seek capital injection

State-owned banks seek capital injection

Against the backdrop of a pressing need for business development, four state-owned banks are soliciting a government mechanism to accelerate a capital boost that would involve the state budget and lift the foreign ownership ratio.
Options available in capital markets push

Options available in capital markets push

Foreign institutions are advocating significant modifications to Vietnam’s financial services sector that would bring the country in line with international practices, from a foreign ownership limit percentage to devising feasible mechanisms to bolster novel initiatives and earn a market status upgrade.
Banks to leverage EVFTA adjustments

Banks to leverage EVFTA adjustments

With commitments under the EU-Vietnam Free Trade Agreement, local authorities are contemplating relaxing foreign ownership constraints that have previously hindered bank mergers as mandated by the accord.
Banks reach for the stars with tie-ups

Banks reach for the stars with tie-ups

The prospects of strategic deals and ease in foreign ownership rules might provide commercial banks with more firepower. Meanwhile, a revision of the regulatory regime is expected to bring the domestic banking sector into line with international standards.
Exchange-traded funds gain traction from overseas

Exchange-traded funds gain traction from overseas

International investors through exchange-traded funds have their sights set on Vietnam’s equity sector, despite some of the country’s major hurdles owing to foreign ownership restrictions and capital outflows due to the tightening monetary stances. Celine Luu reports.
Insurance groups latching onto Vietnam’s market potential

Insurance groups latching onto Vietnam’s market potential

International insurance groups have reaffirmed their appetite in Vietnam’s landscape, citing favourable demographics, an improved regulatory corridor, and a foreign ownership ratio lift contributing to the market’s appeal.
Modernisation a necessity for boom in home petrol market

Modernisation a necessity for boom in home petrol market

To foster a competitive market mechanism while remaining in control of the petroleum market, Vietnam could impose a foreign ownership cap of 35 per cent in the sector.
Foreign exchange-traded funds foray into Vietnamese frontier

Foreign exchange-traded funds foray into Vietnamese frontier

Overseas exchange-traded funds are being geared towards Vietnam’s lucrative equity market despite the country’s frontier market status and its impediment to penetration due to foreign ownership limits.
Developers work around foreign cap

Developers work around foreign cap

To meet the increasing demands of non-nationals on owning a property in Vietnam, many real estate developers are moving such buyers towards a long-lease term of 50 years instead after using up their restriction of 30 per cent of foreign ownership per project.
Banks, agrico firms lift market up

Banks, agrico firms lift market up

Vietnamese shares remained upbeat on Wednesday morning on the growth of banking and agriculture sectors.
Legal wrangling over FOL reignited

Legal wrangling over FOL reignited 1

Despite the changes to the Law on Housing and foreign ownership caps five years ago, real estate developers now show an increasing demand to revise regulations and increase the cap even more, to up to 50 per cent.
SBV reneges on 49 per cent FOL proposal for fintech companies

SBV reneges on 49 per cent FOL proposal for fintech companies

The SBV has reneged on its intentions to add a 49 per cent FOL for payment intermediaries and fintech firms in the draft decree on non-cash payments.
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