Regulatory Alerts2009-04-15 | 55/2009/QĐ-TTgAdded · Updated
Decision on Foreign Investor Participation Ratios in the Vietnamese Securities Market
Prime Minister of Vietnam issued Decision 55/2009/QD-TTg to establish a uniform 49% foreign ownership cap for public companies, public investment funds, and public securities investment companies. The regulation defines foreign investors to include entities with over 49% foreign capital and specifies that foreign securities firms may hold up to 49% in Vietnamese securities and fund management companies. This decision replaced previous regulations and took effect on June 1, 2009, allowing existing excess holdings to remain provided no new purchases are made.
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