The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million.
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5 percent of the charter capital.
The State Bank of Vietnam (SBV) has announced it would remove regulations limiting foreign ownership in local intermediary payment firms from its draft Decree No 101.
Capital difficulties are putting pressure on some banks struggling to meet the central bank’s Basel II deadline of early next year, but experts suggest the central bank should not delay the process.
The US-listed asset management fund VanEck Vectors Vietnam ETF (VNM ETF) may purchase shares of the new generation carrier Vietjet in its upcoming quarterly portfolio reshape.
A plan to allow large Vietnamese State-owned commercial banks to pay dividends in shares or retain dividends would help them accumulate capital and meet regulatory minimum capital thresholds, Fitch Ratings has said.
One year after failing to enter the Morgan Stanley Capital International (MSCI)’s watchlist for a market status upgrade, it is still uncertain if Vietnam will make it this year despite efforts made to improve market conditions.
The Government should help Vietnamese banks lure capital and experience from prestigious foreign banks so as to help local firms develop sustainably, experts said.
The improved business performance of Vietnamese banks and a Government regulation to require local banks to meet stricter capital regulations as part of Basel II standards is spelling the start of a wave of foreign investment into the country’s finance and banking sector in 2019, experts said.
The slow listing of post-equitisation firms, including State-owned enterprises (SOEs), may make Vietnamese firms less attractive regarding a lack of corporate transparency and government agencies managing those firms must be blamed for the problem.
PV Oil’s locking of the foreign ownership ratio at 6.6 percent is a temporary measure before the Government endorses its new capital divestment plan, said General Director Cao Hoai Duong.
The State Securities Commission has approved Vinaconex’s request to lock its ceiling foreign ownership ratio at zero percent, saying the move complies with regulations.
Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.
The new amended draft law on securities allowing full foreign ownership at public companies and investment funds would help Vietnam’s securities market be included in the Morgan Stanley Capital International (MSCI)’s review list for a potential reclassification to Emerging Markets status.
Private business conglomerate Vingroup is seeking shareholders’ approval for targets of 34 percent and 50 percent increases in revenue and net profit, respectively, this year.
The PM’s working group has asked the ministries of Finance and Planning and Investment to swiftly lift the foreign ownership limit of 49 percent at enterprises where foreign investment is not restricted.
Business
XIII National Congress of Communist Party of Vietnam
