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Vietnam Hints at Lifting Cap on Foreign Ownership of Banks

Vietnamese officials said this week they would be willing to raise the ceilings on foreign ownership of banks once the restructuring of the banking sector stabilizes. The officials would not commit to a timeline or a new percent cap. But one adviser, drawing on the experience of South Korea and Japan, said it could take Vietnam five to 10 years to clean up the banks, which have the highest bad debt ratio in Southeast Asia. “We have to make our own system healthy again...

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