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 18 Apr 2009

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Foreign ownership cap to rise to 49% in Vietnam

Vietnam will allow foreign investors to own a maximum stake of 49 percent in unlisted joint-stock companies, up from 30 percent now, Reuters reported.

It would maintain the 30 percent cap for foreign ownership in domestic banks, both listed and unlisted.

The new regulation will take effect from June 1, the government said.

Foreign investors are already allowed to own a maximum stake of 49 percent in listed non-bank companies.















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