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Ministries urged to remove 49% foreign cap

by VTV428 May 2018 Last updated at 08:31 AM

VTV.vn - The Prime Minister's working group has recently asked the ministry of Finance and the ministry of Planning and Investment to lift the 49% foreign ownership limit for enterprises where foreign investment is not restricted.

This shows that the government is committed to opening the Vietnamese market to international regulations. This also means that if Vietnam upgrades its foreign ownership limitation, it can't revert back to 49%. Experts hope that this mechanism will gain enterprise trust and ensure the equality between domestic and foreign businesses in the integration process.

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