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Update news foreign ownership ratio
The Prime Minister has ratified Decree 60/2015 to replace Decree 58, which included a long-awaited regulation on removing limits on foreign ownership in listed companies.
HCM City, considered a financial center of Vietnam, could lose its stock market in the future because the watchdog agency plans to merge the Hanoi and HCM City stock exchanges into one Vietnam Stock Exchange headquartered in Hanoi.
VietNamNet Bridge - The ceiling on foreign ownership in companies may climb to 100 percent instead of 60 percent as initially planned, sources have said. If so, this would represent a breakthrough in policymakers’ thinking.
VietNamNet Bridge - The lifting of the ceiling foreign ownership ratio in Vietnamese companies, if made, would help the VN Index climb to 650 points by the end of the year, economists have predicted.
VietNamNet Bridge – Foreign owners will be allowed to take a higher stake in securities companies, but not in all businesses, as was expected.
Truong Phu Chien, General Director of Bibica, a sweets manufacturer, has officially admitted that Bibica made a right move when signing the cooperation contract with Lotte which has exposed its attempt to swallow Bibica.
What will happen if Vietnam allows foreign investors to hold 50 percent or more of listed companies’ shares?