State Increases Foreign Bank Ownership Cap To 20%

News: Vietnam will permit international investors to acquire larger stakes in lenders in the country in an effort to strengthen the ailing banking system. The limit for international investors will be increased to 20% from 15%, while the limit for total international holdings at any domestic bank has been kept unchanged at 30%, according to a statement by the government. The prime minister can increase the limits in exceptional cases to support weak banks restructure and confirm their safety, according to the decree, to be effective from February 20 2014.

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Geography: Vietnam

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