The Vietnamese government is planning to amend rules to raise the ownership ceiling for foreign investors in Vietnamese banks, the country’s Prime Minister Nguyen Tan Dung was quoted as saying in a statement.
Nguyen Tan Dung told Nobuyuki Hirano, president of Japan’s Bank of Tokyo-Mitsubishi, that the government "will soon issue a decree allowing foreign investors to buy Vietnamese bank shares at a ratio above the current 30% ceiling."
Go deeper with GlobalData
Currently, the Vietnam government allows foreign investors to own 30% in a domestic bank, with a 15% limit for a non-strategic investor while a foreign strategic investor can own up to 20%.
The limit for foreign strategic investors has been increased to 20% from 15% in January 2014 while the cap for total foreign holdings at any local bank was kept fixed at 30%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
