Vietnam's banks raise foreign ownership ratio to improve financial strength

The Vietnam Securities Depository (VSD) adjusted the foreign ownership ratio of MB shares from 22.9908 per cent to 23.0224 per cent on November 9. Photo baodautu.vn

HANOI, Nov 16 (Vietnam News/ANN) — Vietnamese banks have been increasing their foreign ownership ratios to attract investment and improve financial strength.

According to Military Bank (MB), the Vietnam Securities Depository (VSD) had adjusted the foreign ownership ratio of MB shares from 22.9908 per cent to 23.0224 per cent on November 9, baodautu.vn reported.