With limits on foreign ownership lifted, stock market likely to see greater involvement by foreign investors.
With Prime Minister Nguyen Tan Dung having signed Decree No. 60, allowing foreign investors to increase their stakes in publicly-listed companies, many such investors are ready to do just that.
Vietnam Security Depository (VSD) has announced it has issued securities trading codes to 81 foreign investors, including 15 organizations and 66 individuals, in June.
VSD has also approved changes to information on 25 foreign investors, including five organizations and 20 individuals, and also canceled the securities trading codes for six foreign investors, including five organizations and one individual.
As at June 30 VSD had granted securities trading codes to 17,956 foreign investors, including 2,687 organizations and 15,269 individual investors.
According to Dragon Capital, Decree No. 60 expresses a significant change in the attitude of the government towards attracting indirect investment capital.