Offering more room to foreigners may lead to elimination of big brands

Offering more room to foreigners may lead to elimination of big brands

What will happen if Vietnam allows foreign investors to hold 50 percent or more of listed companies’ shares? The answer is that foreign groups would set one foot on Vietnamese enterprises and then take other steps to take over the enterprises.
HSBC sounds the retreat from Vietnamese finance group

HSBC sounds the retreat from Vietnamese finance group

The London based Hong Kong and Shanghai Banking Corporation (HSBC) reportedly plans to sell the shares it is holding of Vietnamese Bao Viet, a big insurance group, in an effort to gather its strength to deal with the financial problems and the possible heavy penalty in a money laundering lawsuit.