Vietnam’s National Assembly has passed an amended law targeting the stakes investors can hold in local banks. According to the new law, set to be effective from January 1, 2025, institutional shareholders can now hold a maximum of 10% in a bank, reduced from the previous limit of 15%. However, the cap for individual investors remains unchanged at 5%. The law also mandates banks to disclose information about shareholders owning 1% or more of the bank’s charter capital.