Vietnam may widen foreign investor scope

Wary of unintended consequences that may follow amended foreign investment rules, Vietnam takes up the debate with a cautious eye pinned on its northern neighbour.

Vietnam’s Law on Investment is due to come into effect on July 1, which will make it simpler to make changes to foreign ownership limits. Coming on top of one of the region’s healthiest economies, with reasonable valuations, any such reforms could spark a rally for stock investors.

Market participants are split as to whether any such reforms will take place, however.

The final draft of the law has not been released by parliament, which may not be made public until Wednesday, July 1. Details therefore may change but the thrust is clear the new law removes contradictions between a previous investment law and the country’s securities...

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