The Prime Minister on September 29 signed a decision to increase the amount of listed shares that foreign investors can hold in an enterprise in Vietnam from 30% to 49%.
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The Prime Minister on September 29 signed a decision to increase the amount of listed shares that foreign investors can hold in an enterprise in
The decision was released by Nguyen Doan Hung, Deputy Chairman of the State Securities Commission (SSC), at a forum on Vietnamese stock market development, held yesterday in
This decision has been expected by investors for a long time because current restrictions have prevented them pouring more money in the market when it was ripe for investment. The move is also considered an effective way to encourage demand and fuel the economy.
According to law, the PM’s decision will be published in the gazette and will take effect 15 days later.
The SSC is also about to issue a document explaining implementation of the decision.
(Source: VietNamNet)
