Foreign Diplomats Allowed to Invest in Vietnam's Stock Market
The government of Vietnam said Tuesday it will allow foreign diplomats to invest in the local stock market.
“Prime Minister Nguyen Tan Dung has allowed staff of foreign diplomatic organizations to invest in securities in Vietnam,” the government said on its Website.
PM Dung asked the Ministry of Foreign Affairs to legalize their consul status.
Foreign diplomats as stock investors will not have any immunity from securities regulations and other laws relating to their investments said the government’s statement.
Currently, 60 countries have set up their embassies in Hanoi and dozens of consulates in Ho Chi Minh City, according to the Ministry of Foreign Affairs in Hanoi
Vietnam’s stock market has attracted 6,000 foreign individual and institutional investors after seven years of operations.
The Ho Chi Minh Securities Trading Center is home to 107 listed companies and two fund certificates, with a market capitalization of about VND210 trillion (US$13 billion). (VNA, VnEconomy)
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