MoIT proposes 35 per cent cap on foreign investment in petrol market The Ministry of Industry and Trade (MoIT) has proposed a 35 per cent cap on foreign investment in local oil and petrol businesses, but said it was open to scrapping the regulation.

Consumer finance companies remain attractive acquisition targets A spokesperson for FE Credit Consumer Finance Company said the Covid-19 pandemic had somewhat affected the company’s business but the price of its stock would not change thanks to its advantages and the market’s great potential.

HDBank keeps foreign ownership cap at 21.5% The HCM City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5 per cent of the charter capital.

VNPT to sell stakes in three companies The firms are Baclieu Telecommunication Construction & Investment JSC, Dongthap Telecommunication Investment And Construction JSC and Camau Post-telecoms Assemblage And Services JSC.

VNPT to sell stakes in three companies The firms are Baclieu Telecommunication Construction & Investment JSC, Dongthap Telecommunication Investment And Construction JSC and Camau Post-telecoms Assemblage And Services JSC.

Ministry seeks to further open petroleum retail market

The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market.

Pandemic speeds up M & A deals as companies become cheap

In the first quarter of the year, Việt Nam foreign investors acquired stakes worth US$2 billion in local companies.

Banks’ diversified income sources protect profits amid epidemic

On February 7, the banking sector’s outstanding loans fell by 0.38 per cent for the year, while overdue debts and non-performing loans showed signs of rising.

2020 promises to be seminal year for banking sector

Large mergers and acquisitions deals, an explosion in digital banking and the listing of several banks’shares on the stock market are among the key events expected this year in the financial sector.

Lists of compulsory non-cash transactions announced Authorities have announced a list of transactions that will have to be made via banks in some areas in a move to boost non-cash payments.