IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Feb 2015 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

Effective 1 February 2015, the State Bank of Vietnam issued Circular No. 38/2014/TT-NHNN requiring long term pledges from investors looking to buy stakes in Vietnamese credit institutions.
 
The circular requires pledges from foreign investors to be involved in developing the technology, products & services and enhancing the management capacity of the organisation. There are provisions specified in the Circular differently for cases where foreign investors hold at least 5% or at least 10% of the institutions' equity.

AFFECTED COUNTRIES

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