Vietnam lifts investment cap for foreigners

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

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...

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