3 Jan 2019
VIETNAM: Regulations Relaxed to Maximise Overseas Participation in Privatisation Process
Overseas investors are to be permitted to submit foreign currency deposits when bidding to acquire a stake in any of the country’s State-Owned Enterprises (SOEs). Previously, prior approval from the State Bank of Vietnam, the country’s central bank, was required before such deposits could be deemed acceptable.
Overall, the move is seen as a bid to encourage overseas investors to participate in the country’s ongoing shift towards greater privatisation. A formal date for the adoption of this new policy, however, has yet to be announced.