ANNOUNCEMENT 03 Jan 2014In January 2014, the government of Viet Nam announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Decree 01/2014/ND-CP (in Vietnamese): http://www.vietfin.net/wp-content/uploads/ND01.2014.pdf
Bloomberg News, January 7, 2014, 'Vietnam Raises Foreign Bank Ownership Caps to Aid System': http://www.bloomberg.com/news/2014-01-07/vietnam-raises-foreign-bank-ownership-limits-to-bolster-system.html
On January 3, 2014, the Government of Viet Nam issued decree number 01/2014/ND-CP. The decree relaxes the rules of foreign investment in domestic credit institutions. Foreign individuals may now own 5% (unchanged), foreign organisations 15% (previously 10%) and strategic investors 20% (previously 15%) ofa domestic credit institution.
The Prime Minister may lift these limits on a case-by-case basis. The total foreign ownership cap in a domestic credit institution remains unchanged at 30%.