IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state-controlled

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jun 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

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.

AFFECTED COUNTRIES

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