MoF Proposes Lifting Foreign Ownership Cap
The Ministry of Finance has recently proposed the government allow foreign investors to hold the maximum 49 per cent of stake in Vietnamese enterprises regardless of their listing or unlisting in the local bourse, aimed at attracting more foreign investment.
Accordingly, the proposed cap will replace the current stake holding rates of foreign investors who are permitted to have a maximum of 30 per cent and 49 per cent of stake in unlisted and listed companies, respectively.
Additionally, many ideas suggested abrogating the stake holding limit of foreign investors in nonessential industries.
P.V
Vietnamese
