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Update news Decree 60
VietNamNet Bridge - With the government’s Decree 60, businesses now have the right to lift the foreign ownership ratio ceiling to 100 percent.
VietNamNet Bridge - A number of leading corporations have lifted the foreign ownership ratio limit after the government issued Decree 60.
VietNamNet Bridge - Decree 60 took effect in September 2015, allowing Vietnamese businesses to lift the ceiling for foreign investors. However, barriers still exist.
VietNamNet Bridge - Analysts predicted that businesses would rush to open their doors widely to welcome foreign investors once the government raises the ceiling to 100 percent. However, this has not happened.
VietNamNet Bridge - More and more listed companies have asked for permission to give larger room to foreign investors in their businesses, a move which is expected to lead to a new price increase wave.
VietNamNet Bridge - The rising Vietnamese stock market is now attractive in foreign investors’ eyes amid the turmoil of the Chinese and European markets. But this does not mean that a price boom will occur, experts say.
Since the government Decree No 60 officially lifted limitations on foreign ownership ratios, Vietnamese businesses have been looking forward to the Ministry of Finance’s circular guiding its implementation.