Vietnam to relax foreign investor restrictions
The limit on share volume that foreign investors can hold in Vietnamese joint-stock company will be eased by opening new areas of investment, said the Ministry of Planning and Investment this week.
In the near future, share-holder limitation would continue to be controlled in areas such as finance, banking and telecommunications, according to the ministry.
Currently, the government only permits foreign investors to hold a maximum of 30 percent of shares in a domestic joint-stock enterprise.
With the new policy, foreign investors would be able to hold unlimited shares in a joint-stock firm in other sectors. The list of these areas is expected to be published by the government by the end of the first quarter of this year, the investment ministry said.
Source: Dau Tu (Investment) – Compiled by Hieu Trung.
Story from Thanh Nien News
Published: 10 March, 2005, 15:01:56 (GMT+7)
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