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Official Gazette

Sunday, August 14, 2022
Tags: foreign holding cap
Public companies no longer allowed to decide on foreign holding caps Public companies no longer allowed to decide on foreign holding caps
The State Securities Commission has recently proposed abolishing a regulation permitting public companies to provide the maximum foreign ownership rate in their company charters. 
Capital contribution by foreigners to Vietnamese companies Capital contribution by foreigners to Vietnamese companies
Foreign investor’s capital contribution to a company will not change its legal status as a Vietnamese company since it was lawfully established and has been operating in accordance with the Vietnamese law on enterprises.
Draft Securities Law proposes expanding foreign holding cap Draft Securities Law proposes expanding foreign holding cap
The Ministry of Finance has recently held a series of conferences to collect opinions from legal experts and stakeholders on the draft Securities Law, focusing on such issues as conditions for acquiring public company status and foreign holding cap in public companies, public offering and private placement of stocks and bonds, powers of the State Securities Commission, and organizational and operational model of Stock Exchanges.
Draft decree raises foreign holding cap in domestic airlines Draft decree raises foreign holding cap in domestic airlines
Foreign investors would be allowed to hold up to 49 percent of charter capital in a domestic airline, instead of the current 30 percent, according to a draft decree recently unveiled by the Ministry of Transport.
Higher foreign shareholding in local banks needed: experts Higher foreign shareholding in local banks needed: experts
Lifting the cap of foreign ownership in Vietnamese banks was necessary to have more capital for restructuring and improving the competitiveness of the domestic banking sector but this should be done with caution and an elaborate roadmap, said banking experts.
Foreign holding caps in domestic firms to be raised Foreign holding caps in domestic firms to be raised
Policy digest October 2013 Policy digest October 2013
Many banks, especially major commercial ones, are expecting the Government to raise the foreign holding cap and coming up with plans to sell strategic stakes.
New regulations on securities investment New regulations on securities investment
In order to create a more equal and transparent legal framework for the securities sector, thus facilitating operations of securities firms while better protecting investors’ interests, the Government on July 20 issued Decree No. 58/2012/ND-CP (the Decree) to guide the 2006 Securities Law and its 2010 amendments, in replacement of Decree No. 14 of 2007, Decree No. 84 of 2010, and Decree No. 01 of 2010.
Policy digest Septermber 2012 Policy digest Septermber 2012
The General Department of Customs is currently working with other Ministry of Finance agencies to revise regulations to allow financial leasing companies to enjoy import duty incentives for preferential investment project equipment.
Foreign strategic ownership of local banks to be increased Foreign strategic ownership of local banks to be increased

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