ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
On 26 June 2015, Vietnam issued Decree 60/2015/ND-CP primarily lifting the cap of 49% foreign investment in public companies with some exceptions as below -
For the above Decree, foreign equity includes equity held by foreign investors and equity held by Vietnamese companies that are owned at least 51% by foreign investors. Further, the above caps apply only to voting equity in these companies and not in bonds, derivative securities or non-voting shares of such public companies.
This measure is effective from 1 September 2015.
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