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Vietnam may allow bigger foreign stakes in some banks

HANOI, Feb. 8 (Xinhua) — Vietnam may change rules to allow foreign investors bigger stakes in certain local banks in a move to attract more investment inflows, newspaper Vietnam News reported on Wednesday, citing a draft proposal by the central bank.

Vietnamese banks, appointed by the central bank to handle weak lenders through merger and acquisition deals, are allowed to offer foreign investors up to 49 percen