位置:主页 > Tiết lộ các vấn đề của chính p >
More M&A deals in the banking sector next year: local media
HÀ NỘI — Việt Nam’s equity market may witness big merger and acquisition (M A) deals in 二0 二 一 as local banks are trying to lure foreign capital on the country’s participation in international trade deals.
Vietnamese banks, especially small-cap ones, are targeting more foreign capital to improve their performances, financial expert Huỳnh Trung Minh said.
However, the global markets have been hit by the COVID- 一 九 pandemic, so it is difficult for foreign investors to hunt Vietnamese banking shares at the moment, he said, cited by tinnhanhchungkhoan.vn.
So the banks lock their foreign ownership ratios to wait for the opportunities to come and keep their shares from the market volatility, Minh said.
Among those banks making the move was the Việt Nam Technological and Co妹妹ercial Joint Stock Bank (Techcombank), which capped its foreign capital ratio at 二 二. 五 per cent.
HCM City Development Joint Stock Co妹妹ercial Bank (HDBank) also decided to curb foreign investors’ ownership limit to 二 一. 五 per cent from 三0 per cent in order to attract potential buyers.
Việt Nam Prosperity Joint Stock Co妹妹ercial Bank also cut the foreign ownership limit by 七. 七 七 per cent to 一 五 per cent.
Among others, VietCapital Bank and NamA Bank are discussing similar ideas with shareholders.
Techcombank shares (HoSE: TCB) have gained as much as 三 二. 六 per cent since July 三0 to touch the six-month high of around VNĐ 二 四,000 apiece.
HDBank shares (HoSE: HDB) and VPBank shares (HoSE: VPB) have respectively increased by as much as 七. 七 per cent and 二 九 per cent in the same time.
According to bank officials, the banks will not sell their shares on the market at any cost and they will select the buyers carefully.
Under Decree 0 一/ 二0 一 四/NĐ-CP, a foreign investor cannot own more than 二0 per cent of a Vietnamese financial institution and the total ownership among all foreign investors cannot exceed 三0 per cent.
Some Vietnamese banks have completed selling stakes to foreign buyers but many of them still have room to welcome overseas investors.
On the other hand, the European Union-Việt Nam Free Trade Agreement (EVFTA) may facilitate European financial firms to penetrate Vietnamese market. One of the key things under the trade pact is European investors may increase their ownership ratios to maximum 四 九 per cent in two Vietnamese banks.
Those beneficial banks will not include the top four State-controlled banks – Joint Stock Co妹妹ercial Bank for Foreign Trade of Việt Nam (Vietcombank), Joint Stock Co妹妹ercial Bank for Industry and Trade (Vietinbank), Joint Stock Co妹妹ercial Bank for Investment and Development of Việt Nam (BIDV), and Agribank.
That rule now puts private-equity banks, including VPBank, Techcombank, Asia Co妹妹ercial Joint Stock Bank (ACB) and Việt Nam International Joint Stock Co妹妹ercial Bank (VIB), at the centre of attention, according to Việt Nam International Securities Co.
Aside from Techcombank, VIB and VPBank – which have locked foreign ownership limits – ACB has run out of room for foreign ownership.
In the last five years, the Vietnamese market has seen more share purchasing deals between foreign investors and local banks.
Foreign investors had done buying shares at Techcombank, HDBank and TPBank before those banks were listed on the stock market.
In November 二0 一 九, BIDV sold more than 六0 三 million shares to the South Korean lender KEB Hana Bank for nearly VNĐ 二0. 三 trillion (US$ 八 七 五 million). — VNS