Major private lender VPBank to raise foreign ownership limit to 30%
VPBank, Vietnam’s biggest lender in terms of charter capital, will increase its foreign ownership limit to 30%, from 17.642% at end-2022.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreigners not allowed to buy homes attached to land under draft amended law
Foreign organizations and individuals will not be allowed to own houses attached to land if an amended draft Housing Law is approved by the parliament in November this year.
Development potential of Vietnam's real estate market - Mon, Dec 22, 2021 | 11:30 am GMT+7
False info on foreign ownership may hurt Sacombank: executive
Sacombank has asked the Vietnam Securities Depository (VSD) to clarify information regarding the bank’s foreign ownership limit of 23.63% because the bank may no longer be able to attract a foreign strategic investor if the ratio reaches 30%, said CEO Nguyen Duc Thach Diem.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Shareholders okay HDBank’s $500 mln bond issuing plan
Ho Chi Minh City Development Joint Stock Commercial Bank, or HDBank, has secured its shareholders’ approval to issue convertible bonds worth $500 million to international investors, and increase the foreign ownership ratio at the bank to 20% from 18%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
HDBank set to issue $500 mln worth of bonds, raise foreign ownership
HDBank is seeking its shareholders' approval to issue convertible bonds worth $500 million to international investors, and increase the foreign ownership ratio at the lender from 18% to 20%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam banks acquiring 'weak' banks can raise foreign ownership to 49%
Vietnamese banks that acquire "weak" banks can raise their foreign ownership ratio to 49%, higher than the current maximum level of 30%, according to a draft decree.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Half of Vietnamese private banks have 15% foreign ownership or less
While foreign ownership in some Vietnamese private banks has hit the regulated cap of 30%, others still have a lot of room for foreign investors to get in.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail giant Petrolimex seeks to raise foreign ownership to 35%
State-run Petrolimex, Vietnam's biggest gasoline retailer by market share, has proposed the government allow its maximum foreign shareholding to rise from 20% to 35%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
SHB bank, VPBank raise foreign ownership limits
SHB has tripled its foreign ownership limit to 30%, the maximum allowed under the law, while VPBank previously raised its figure from 15% to 17.5%.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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