ANNOUNCEMENT 01 Feb 2015In February 2015, the government of Vietnam announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
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.