ANNOUNCEMENT 22 Apr 2011

In April 2011, the government of Viet Nam announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



State Bank of Viet Nam. (2011). Circular 10/2011/TT-NHNN. Available at https://error.sbv.gov.vn/50x.html


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 SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A