It has been almost two years since the regulation on removing limits on foreign ownership in listed companies took effect. However, the speed of lifting the foreign ownership cap is still slow.
Experts say that regulations on categorising a company with over 50% foreign ownership haven't been revised to match the reality of the market situation. However, it does not affect the operation of the businesses as foreign investors usually make long-term investments in well-performing firms. Also according to experts, the process of lifting the foreign ownership cap is slow, but the Vietnamese stock market is still attractive to foreign investors, especially if Vietnam is upgraded to an emerging market in the next 3 to 5 years./.
