Viet Nam: Restrictions on FDI in state-owned banks
Description
On 22 April 2011, the Central Bank of Viet Nam issued new regulation restricting the access of foreign investors to the country's state-owned banks.
According to the statement, foreign investors seeking a share larger than 15 percent must provide proof that they commanded assets of at least USD 20 billion in the year prior to the purchase.
Furthermore, investors already active in Viet Nam's banking industry may not purchase a share larger than 15 percent of a state-owned bank.
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered:
Implemented: Yes
Date of inception: 1 Jun 2011
GTA Evaluation: Red
Source:
State Bank of Viet Nam. (2011). Circular 10/2011/TT-NHNN. Available at https://error.sbv.gov.vn/50x.html
Government Response:
- 167 reads
