Vietnam tightens limits on investors' stakes in local banks

Vietnam tightens limits on investors' stakes in local banks

FILE PHOTO: A Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham/File Photo

Vietnam’s legislature on Thursday approved new rules that lower the maximum stake investors can hold in domestic banks, a move aimed at reducing risks of market manipulation, but that could make investment in lenders less attractive.