Fintech firms concerned about foreign ownership cap Business

Fintech firms concerned about foreign ownership cap

A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
Vietnamese banks’ profitability improves Business

Vietnamese banks’ profitability improves

Vietnamese banks are forecast to gain in profitability this year, but raising capital will be a key focus for banks to meet the State Bank of Vietnam’s strict Basel II requirements.
Relaxation of foreign ownership cap helps VN market raise status Business

Relaxation of foreign ownership cap helps VN market raise status

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.
Limit scrapped for foreign ownership in PVFCCo Business

Limit scrapped for foreign ownership in PVFCCo

Foreign investors can now acquire more than 49 percent of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.
Banks lead Vietnam stock markets Business

Banks lead Vietnam stock markets

Shares surged on January 17 on the two national stock exchanges, led by bank stocks, on expectations that the Government would allow banks to raise the limit of foreign ownership this year.
Second financial firm allows foreign ownership Business

Second financial firm allows foreign ownership

Hanoi-based brokerage IB Securities JSC and its shareholders decided on September 21 to become the second financial firm in Vietnam to allow foreign investors to own up to 100 percent of its company.
Business

Funds profit from food products shares

Investment funds have realised gains from investments in food products makers like Masan Group (MSN), Vinamilk (VNM) and Kinh Do (KDC) – even as real estate investments over the past two years have proven disappointing.

In the past two months, Private Equity New Markets II (PENM II), under the management of Denmark's BankInvest – which owns three investment funds in Vietnam – has sold 4.5 million shares of MSN out of its total holdings of 49.5 million shares, realising gains of over 500 billion VND(23.8 million USD) over the past two years.
Business

FPT nears foreign ownership ceiling

Software giant FPT has nearly reached its limit of foreign ownership following heavy buys of its shares by foreign investors over the past month. 
Business

Looser credit reignites leverage buying

Despite two modest declining sessions at mid-week which were regarded as a necessary correction, the VN-Index managed a gain of 3.53 percent on the week to close at 531.51 points.