During a discussion on the country’s current debt, NA deputies urged the Government to tighten the management of investment funds, as well as prioritize projects that help link different regions of the country and those with good return of investment.

In the context of Vietnam’s deeper international economic integration, numerous merger and acquisition (M&A) deals will be seen in the country’s banking sector in order to optimize profits, diversify banking operations, mitigate risks and achieve Government-set objectives of restructuring the financial-banking system to help weather pervasive impacts of the global financial crisis.

In order to guide in detail Government Decree No. 69/2007/ND-CP of April 20, 2007, on purchase of commercial bank shares by foreign investors, and to replace regulations issued together with the State Bank of Vietnam Governor’s Decision No. 228/QD-NH5, permitting credit institutions to raise capital from foreign shareholders, which are no longer appropriate, the State Bank issued Circular No. 07/2007/TT-NHNN on November 29.

Share purchase by foreign investors from Vietnamese commercial banks