On Friday morning, 26 June, Nguyen Tan Dung, prime minister of Vietnam, signed a decree lifting foreign ownership limits FOL on publicly listed companies.
An official announcement has not been made.
“We are hearing from reliable sources that the Prime Minister of Vietnam yesterday gave the final seal of approval to changes in the Law on Securities to allow for a significant relaxation of FOL for Vietnam listed-equities,” said Lawrence Brader, assistant portfolio manager at PXP Asset Management in Ho Chi Minh City.
The decree has not been released to the public. The timeline and details about what limits remain are not yet known,...