Vietnam is rolling out a series of regulatory reforms aimed at attracting more overseas investors into its stock market, which has outperformed regional peers this year.
A newly-issued decree eliminates the ability of public companies to unilaterally impose foreign ownership limits that are lower than those allowed by domestic law or international agreements, according to a statement on the government’s website. The statement was posted late on Friday and took effect on Thursday, and is likely to reduce inconsistencies and improve transparency for foreign investors.
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