Vietnam Delays Plan to Ease Restrictions on Foreign Stakes
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International investors will have to wait at least 10 months for Vietnam to ease curbs on foreign shareholders after a 2013 proposal to increase ownership limits was shelved.
Policy makers must revise a Ministry of Finance plan that recommended lifting the foreign cap on voting shares in some industries to 60 percent from 49 percent, Vu Bang, chairman of the State Securities Commission, said in an interview on Nov. 28. Bang, who had said in February that the government was in the “last stage” of making a decision on the proposal, now says a new version will be submitted in October.