Are you sure?

Vietnam raises foreign ownership cap to 49%

  The Vietnamese government said on Friday it will allow foreign investors to own a maximum stake of 49% in unlisted joint-stock companies, up from 30% now.

It would maintain the 30% cap for foreign ownership in domestic banks, both listed and unlisted. The new regulation will take effect from June 1, the government said.

Foreign investors are already allowed to own a maximum stake of 49% in listed non-bank companies. (Reuters)