Decree 69 guarantees rights of foreign strategic investors in commercial banks
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.