vietnam-lifts-investment-cap-for-foreigners

Vietnam lifts investment cap for foreigners

The government increases the cap for foreign investments into unlisted companies from 30% to 40%.

By Lara Wozniak

March 10, 2008

VietnamÆs Finance Ministry has raised the cap on foreign ownership in unlisted public companies to 40% from the current 30% to boost foreign investment in the local market.

According to local press, finance minister Vu Van Ninh also said in a statement on Saturday on the government website that the ministry would not impose a previously planned income tax on stock investors this year.

And last week the State Capital Investment Corporation SCIC took what it billed as ôurgentö measures to support the stockmarket after recent declines and announced an unprecedented plan to buy back shares. It posted a message on its website saying it was ôurgently identifying a list of investment portfolios, size and...

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