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Official Gazette

Tuesday, July 14, 2020
Tags: foreign ownership
Domestic enterprises need protection from takeovers: experts Domestic enterprises need protection from takeovers: experts
Vietnamese businesses reeling under financial stress due to the COVID-19 pandemic have become vulnerable to foreign takeovers and need the Government’s support, according to experts.
Central bank delays foreign ownership cap in payment services industry Central bank delays foreign ownership cap in payment services industry
The State Bank of Vietnam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree 101.
Air transport business requirements relaxed for newcomers Air transport business requirements relaxed for newcomers
The Government has issued a new decree to change air transport business requirements with a view to creating favorable conditions for new enterprises to do the business.
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.
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.
Policy digest November 2015 Policy digest November 2015
 Under the Law on Charges and Fees passed by the National Assembly on November 25 and scheduled to be effective as from January 1, 2017, 17 public service charges, including irrigation charge, road use toll, port and station charges, vehicle inspection charge, securities operation charge, etc., which the State does not need to strictly manage will be shift to the state-regulated pricing mechanism. 
Foreigners may own thirty percent of apartments in a building Foreigners may own thirty percent of apartments in a building
From December 10, foreigners may own up to 30 percent of the total number of apartments in an apartment building.
Vietnam jumps up in global competitiveness rankings Vietnam jumps up in global competitiveness rankings
Vietnam is ranked 56th out of 140 economies in national competitiveness during 2015-16, jumping up 12 places compared to the last year, according to a report released at the Global Investment Forum on September 30 in Hanoi.
Relaxation of the 49-percent cap on foreign ownership in Vietnamese public companies Relaxation of the 49-percent cap on foreign ownership in Vietnamese public companies
As an effort to attract foreign investors in Vietnam’s stock market, on June 26, 2015, the Government issued Decree No. 60/2015/ND-CP amending some articles of Decree No. 58 (Decree No. 60). Among the changes, the most welcomed amendment is the relaxation of the overall 49-percent cap on foreign ownership in Vietnamese public companies. Decree No. 60 will be effective as of September 1, 2015.
Taking security over shares in Vietnam: specific rules Taking security over shares in Vietnam: specific rules
New securities regulations have significantly changed the process of attachment and enforcement of security over marketable shares.

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