1 Min Read
HANOI, Jan 7 (Reuters) - A strategic foreign investor will be allowed to own a maximum 20 percent of a Vietnamese bank from late next month, from 15 percent now, the government said.
The cap on foreign ownership in a domestic bank remains unchanged at 30 percent, with a 15-percent limit for a non-strategic foreign investor, according to a government decree that will come into effect on Feb. 20.
Until now a strategic foreign investor could hold 20 percent of a Vietnamese bank only if it secures government approval on a case-by-case basis. (Reporting by Ho Binh Minh; Editing by Michael Urquhart)