Vietnamplus

Buyers of condotels, officetels and resort villas can have ownership certificates from May 20 under a new decree guiding the implementation of the Land Law.

Buyers of condotels, officetels and resort villas can have ownership certificates from May 20 under a new decree guiding the implementation of the Land Law.

No longer hot on the stock market, yet banking sector remains one of the priorities of foreign investors, with foreign ownership rate in many banks reaching the cap of 30% as regulated.

Ownership certificates will be granted to buyers of condotels, officetels, resort villas and other properties which are built on commercial and services land and used for accommodation and tourism purposes.

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.

Foreign ownership limits at credit institutions were expected to be raised to an appropriate level to attract foreign investment, which plays an important role in improving operational efficiency and accelerating the banking sector's restructuring.

The Thai government is likely to shelve a plan to allow foreigners to own land for housing after the proposal drew fierce criticism.

Thailand’s cabinet on October 25 approved the Interior Ministry's proposal to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes.

Mixed opinions have arisen around the Ministry of Construction’s proposal of setting limited terms for apartment ownership, which were repeated in the latest draft amendments to the Law on Housing.

The ownership of all 100 cashew nut containers related to a suspected scam in Italy has returned to Vietnamese businesses, according to the Vietnamese Trade Office in the European country.

The Investigation Police Agency has sent a written request to several localities to suspend the transfer, purchase and sale of assets and shares under the ownership of former FLC Chairman Trinh Van Quyet and related persons.

A number of Vietnamese banks plan to sell more shares to foreign investors in 2022 as part of set strategies.

State capital divestment planning and the removal of limitations on foreign ownership are expected to drive insurance stocks to flourish in 2022.

Vietnam’s electric vehicle index (EVI) has been announced for the first time, aiming to help enterprises in the value chain make decisions on production and business.

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to give careful consideration to the proposal of extending the amount of foreign ownership at petrol and oil business to 35 percent.

Conducting an initial public offering (IPO) to list on a foreign stock exchange not only helps Vietnamese companies attract investors but also strengthens their status and the country’s profile in the world.

The Ministry of Planning and Investment has announced it started collecting feedback on a major policy which dictates the amount of control the State is to maintain over key businesses and sectors.

Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

The Ministry of Construction recently approved a plan to divest all State capital at Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).