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Vietnam to lift foreign shareholding restrictions



The Vietnamese government’s official website announced on the 29th that in order to further open up the market to attract foreign investment, the Vietnamese government decided to remove restrictions on foreign …

The Vietnamese government’s official website announced on the 29th that in order to further open up the market to attract foreign investment, the Vietnamese government decided to remove restrictions on foreign shareholding ratios in locally registered companies. According to Vietnam’s current legal regulations, foreign shareholding ratio shall not exceed 49% of the company’s total investment.
In the first half of 2015, Vietnam’s economic growth rate was 6.28%, the fastest growth rate since 2008. The Vietnamese government made the above decision to maintain the good momentum of economic development. A Vietnamese economist told the media that this decision will not only encourage foreign companies to increase investment in Vietnam’s capital market, but also stimulate Vietnamese enterprises to actively expand the market and improve their competitiveness.

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