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Vietnam to End Foreign Investment Limits in Many Companies

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Vietnam will eliminate limits on foreign ownership in many listed companies, a step likely to spur investment inflows and reduce market volatility.

Overseas investors will be allowed to increase holdings of voting shares in a number of industries to 100 percent from 49 percent currently, according to a statement on the government’s website late Friday. The decree will take effect in September. The foreign investment cap in banks will remain at 30 percent.