Techcombank wants no foreign ownership – talk vietnam usd to eur graph


The State Bank of Vietnam (SBV) has refuted rumors that it will allow raising foreign ownership in Vietnam&rsquos commercial banks to 32 per cent or 35 per cent. &nbsp In a document issued Tuesday, the SBV reaffirmed that foreign investors are allowed to hold a maximum 30 per cent stake in a local bank. &nbsp &ldquoThe rumors have bad impacts on the Government&rsquos policies and investment environment for foreign investors in banking sector in Vietnam,&rdquo the SBV said in its website. &nbsp At present, a non-credit institutional foreign investor is allowed to own a maximum 5 per cent stake, and…… [ read more]

HCM CITY (VNS)— Many banks, including the major ones, are expecting the Government to increase foreign ownership cap in the banking sector and are ready with plans to sell strategic stakes, Vietnam Investment Review has reported.

A foreign investor is allowed to own a 20 per cent stake in a bank, while the total non-Vietnamese ownership is capped at 30 per cent. There is talk that the Government plans to hike the latter to 49 per cent, and bankers are eagerly awaiting the change fraction to whole number calculator. Pham Huu Phu, chairman of Sacombank, said his bank has made plans to sell a 20…… [ read more]

The central bank Tuesday reaffirmed that the foreign ownership ceiling in domestic banks is unchanged at 30 percent, dismissing speculation it has amended the limit commodity futures price quotes. Two clients at a branch of ANZ Bank in Ho Chi Minh City. ANZ owns a 10 percent stake of Vietnam’s Sacombank goldman sachs gold forecast 2016. Pending government approval, a strategic foreign investor can buy up to 20 percent of a domestic bank. "Recently rumors appeared on financial-banking markets saying the government raised the share ownership by foreign investors and foreign strategic investors," the State Bank of Vietnam said in a statement. "The rumors have affected… the investment environment…… [ read more]

Foreign ownership cap on local banks raised to 15% (23-04-2007) Trading at VP Bank’s Hoan Kiem branch in Ha Noi. Singapore’s OCBC signed an agreement in September to increase its holdings in VPBank to 20 per cent. — VNS Photo Truong Vi HA NOI — A single foreign strategic investor can now own as much as 15 per cent in a Vietnamese bank, up from 10 per cent after a new Government decree was issued on Friday dollar yen exchange rate. The decree, though, leaves open the opportunity for the Prime Minister to raise the limit to 20 per cent on a case by…… [ read more]

Allowing increased foreign ownership of local banks will help sector restructure, modernize But it will not be easy to persuade foreign investors to buy into weak banks even if the foreign ownership cap is increased from the current 30 percent, Can Van Luc, senior advisor to the chairman of the state-owned Bank for Investment and Development of Vietnam, tells Vietweek. Vietweek: The central bank plans to increase the ownership limit for foreign investors in banks to boost restructuring of the troubled banking system. How should we raise the cap? Can Van Luc: Vietnam currently allows a foreign investor to own…… [ read more]

The Vietnamese government is considering raising the limit on foreign share ownership in listed companies binary form. Zafrul Tengku Abdul Aziz, chief executive of Maybank Kim Eng, shared his thoughts with VIR’s Linh Mai. Firstly, I think this will make Vietnam even more attractive as a foreign investment destination funny quotes about work stress. Compared to other markets in Southeast Asia, Vietnam is the strongest performing. For example, Indonesia and Thailand did not hit growth expectations for the first half of this year, whereas Vietnam still marked 5 per cent 500 usd. Maybank Kim Eng works all around the world, and we understand how attractive Vietnam is for many…… [ read more]

VietNamNet Bridge – The government’s lifting of the foreign ownership ceiling in Vietnamese commercial banks has been a hot topic on all securities trading floors in recent days php usd exchange rate. VietinBank’s CEO Le Duc Tho has confirmed that VietinBank, one of the state-owned banks, has proposed that the government allow it to lift the maximum foreign ownership ratio to 35-40 percent or more. This would trigger a movement of selling stakes to foreign investors as many Vietnamese banks are seeking foreign capital and technologies video editor windows free. The government’s Resolution No 15 released on March 6, 2014 on some measures to increase equitization said that…… [ read more]

Foreign investors have got excited in the news that the State Bank of Vietnam is considering raising the maximum proportions of stakes foreign investors can hold in a Vietnamese bank. However, there has been no information about the new cap. Sumit Dutta, Chief Executive Officer of HSBC Vietnam, said that the higher foreign ownership ratio would not only allow foreign bankers to more quickly penetrate the Vietnamese market, but also help Vietnam ease the financial pressure in the banking system reshuffle. However, foreign investors are eager to know how high the new limitation would be. The thing that they are…… [ read more]

HA NOI (VNS)— Investors and securities professionals are calling on authorities to allow foreign investors to own 100 per cent stakes in listed companies, a rule long overdue for change that would likely have a strong impact on the capacity of the market to attract foreign capital. Decree No 58, which took effect on September 15, allows foreign investors to own 100 per cent of the charter capital of operating securities companies or to set up a new 100-per-cent foreign-invested brokerage. However, foreign ownership in all listed enterprises (except securities firms) remains capped at 49 per cent under current regulations.…… [ read more]

VietNamNet Bridge – VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved by the State Bank of Vietnam (SBV), it will be the first bank with a foreign ownership of over 20 percent convert 3000 euros to us dollars. Bao Viet Securities Company (BVSC) in a recent report said that VietinBank wants to become the pioneer in the field. The government, in its Decree 60, raised the foreign ownership limit in Vietnamese public companies to 100 percent. However, the banking sector is of particular concern because of national financial security. VietinBank’s CEO…… [ read more]

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