Vietnam Eyes Foreign Investors to Expand Stock Market
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Vietnamese regulators will submit a proposal next month to ease restrictions on foreign ownership in companies as they lure more international investors to a stock market that’s 14 times smaller than Singapore’s.
The proposal would raise the foreign ownership limit for publicly-traded companies from the existing 49 percent, Vu Bang, chairman of the State Securities Commission, said in an interview yesterday. The Ministry of Finance will submit the plan, which the commission has helped prepare, to the government next month for consideration, he said, adding that the government will decide the new ownership limit.