1. Scope of Regulation and Subjects of Application
The scope of regulation is expanded to include foreign-invested economic organizations when they are subject to investment procedures like foreign investors – ensuring consistency with the current Law on Investment.
2. Share ownership ratio
The overall foreign ownership limit remains at 30% of the charter capital of joint-stock commercial banks (and 50% for non-bank credit institutions).
However, the calculation method is tightened: it now includes the ownership held by both the foreign investor and related persons, instead of counting only the investor’s portion separately.
3. Forms and Conditions for Share Purchase
Additional forms of share purchase are introduced in line with the Law on Securities and current practice, including cases where credit institutions undergo a mandatory transfer.
Conditions for foreign investors are clarified regarding financial capacity, experience, and commitments to support Vietnamese credit institutions after acquiring shares – particularly for strategic investors.
4. Special Mechanism for Weak Credit Institutions
In certain cases of restructuring or mandatory transfer, the Prime Minister may allow the foreign ownership ratio to exceed the 30% limit, but not more than 49% of the charter capital.
Reference link: https://vnshort.com/tx3a