ANNOUNCEMENT 22 Apr 2011In April 2011, the government of Viet Nam announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
State Bank of Viet Nam. (2011). Circular 10/2011/TT-NHNN. Available at https://error.sbv.gov.vn/50x.html
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.