HANOI – Vietnam's central bank is seeking to reduce the maximum stake investors can hold in Vietnamese banks, according to a published draft document on a regulatory change that would make the sector less attractive to foreigners. Under the proposal, published by State Bank of Vietnam on its website, individual investors would be allowed to hold up to 3 percent of the shares of a credit institution, down from 5 percent currently. The limit for institutional shareholders, like investment or pension funds, would be reduced to 10 percent from the current 15 percent , but the draft proposal did not specify how long investors would be given to reduce their holdings to comply with the lower cap.

https://business.inquirer.net/391637/vietnam-plans-tighter-limits-on-stakes-in-banks-in-blow-to-foreign-investors

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