New decree allows higher foreign stakes in Vietnam firms

by VTV 429 June 2015 Last updated at 10:03 AM

VTV.vn - Prime Minister Nguyen Tan Dung ratified Decree 60/2015 to replace Decree 58, which included regulations on removing limits on foreign ownership in listed companies.

The new decree will not only have positive impacts on the development of the securities market, but also accelerate the privatisation process that the Government is determined to hasten efficiently. Under the new decree, foreign stakes can rise up to 1 hundred percent for most sectors, and firms will also be allowed to propose their own limits.The current regulation capped foreign stakes in public companies at forty-nine percent.

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