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.

South Korea fund sells 1.47 million shares of steel firm KIM Vietnam Growth Equity Fund announced Friday it had sold additional 1.47 million shares of Nam Kim Steel (NKG).

More M&A deals in the banking sector next year: local media Việt Nam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.

Banks raise foreign ownership ratio to improve financial strength

Many banks have recently increased their foreign ownership ratios with an aim to attract investment and improve financial strength.

Controversial draft decree may make banks lose potential foreign investors

A draft decree being developed by the State Securities Commission to implement the amended Law on Securities may cause local banks to lose out on potential foreign investment.

Chinese funds pour money into Vietnamese market Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

Local ETFs draw foreign attention

The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on Tuesday issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million.

Techcombank raises foreign cap to allow foreign employees to buy shares Private-quity lender Techcombank has raised foreign ownership limit to 22.5076 per cent from 22.4951 per cent.

HDI Global SE fined US$8,000 for information disclosure, foreign ownership violations The State Securities Commission (SSC) last week issued a fine of VNĐ185 million (roughly US$8,000) to HDI Global SE for violating rules on foreign ownership and information disclosure.

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.