VAFI proposes increase in room for foreign investors in commercial banks

According to VAFI, foreign institutional investors are very interested in holding bank shares. The holding of bank shares is also a strength for helping funds mobilise capital on the international markets. However, banks are tending to reserve this ownership%age for their foreign strategic partners.
This has made it difficult for foreign institutional investors to attain shares in commercial banks. The expansion of the%age of foreign ownership limit in banks will help attract more international investment in Vietnam, thus helping enterprises to boost operation with good corporate management.
.:: Other news
• Import tax on cars to increase in May (14/05/2012)
• SBV regulations on post-supervision processing for credit institutions and foreign bank branches (07/05/2012)
• HCMC tax agency proposes higher income tax threshold (19/04/2012)
• Ministry proposes halting environment tax on plastic bags (18/04/2012)
• New regulations on foreign currency status issued (11/04/2012)
• New rule restricts foreign sea carriers on local lines (10/04/2012)
• High-tech investors hit roadblock (19/03/2012)
• Ministry proposes housing fund for low-income groups (12/03/2012)
• New policies needed to increase investor trust among investors (20/02/2012)
