“He was six months behind on rent, had no money for food, and could not afford medical care despite suffering from severe necrosis in his buttocks. Upon seeing that, I had to bring him to the hospital and pay his bills using my own money as well as money lent on my behalf," Long said. … [Read more...] about Falsely jailed in a foreign land: Alone, bankrupt, and dying
Foreigners selling property in usa
Housing projects will be proposed to sell land parcels, says ministry
A land lot in Da Nang. Housing projects are proposed to sell land lots. - Photo diendandatdai.com This is the regulation proposed at the end of May by the Ministry of Natural Resources and Environment in the latest version of the draft amending and supplementing Decree 43 on specific regulations for a number of articles in the Land Law, including conditions for transferring land use rights at housing projects. … [Read more...] about Housing projects will be proposed to sell land parcels, says ministry
HDBank keeps foreign ownership cap at 21.5%
Amid the COVID-19 pandemic, rating agency Moody’s has kept its B1 rating for HDBank, acknowledging that the Vietnamese lender has progressed well to improve the quality of assets and capital competency, and make sustainable profitability. … [Read more...] about HDBank keeps foreign ownership cap at 21.5%
HDBank keeps foreign ownership cap at 21.5 percent
HCM City (VNA) – Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5 percent of the charter capital. The limit was set at 21.5 percent so that there is more room to sell stakes to strategic investors, HDBank said in a statement on September 7. Under existing regulations, foreign ownership limit at banks is 30 percent of the charter capital. HDBank also plans to offer 160 million USD worth of international convertible bonds to institutional investors in developed markets. The bonds will mature in five years and one day. The bonds can be converted into common shares, are non-guaranteed and go without covered warrants. Income raised from the bond sale will be spent increasing the bank’s tier 2 capital. Tier 2 refers to a bank's supplementary capital and includes undisclosed reserves, debts and hybrid financial products. With the capital raise, HDBank will increase funding for medium-term and long-term … [Read more...] about HDBank keeps foreign ownership cap at 21.5 percent
Foreign capital in wait for fresh policy move
On its side, CAM has translated the local policy proposals into Japanese for the use of investors in their home country and also worked on a capital attraction plan to scale up capital disbursement in the Vietnamese stock market when opportunities arrive. … [Read more...] about Foreign capital in wait for fresh policy move
