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Vietnam: New securities laws ease some foreign ownership restrictions

The latest HSBC Asia Economics Quarterly report shows Vietnam successfully dealing with the pandemic crisis with the fastest growth in Asia in 2020. The bank forecasts Vietnam will carry the momentum into 2021 and recommends investing in Vietnam’s stock market, at least in the short term.

Vietnam’s securities authorities are actively working with global providers of financial services in MSCI and FTSE Russell to speed up the process for upgrading Vietnam’s stock market to Secondary Emerging Market. Vietnam has also passed a Securities Law and issued Decree 155/2020/ND-CP guiding its implementation, both of which (New Securities Laws) took effect on 1 January 2021.

Partner Duyen Ha Vo and Senior Associate Hanh Hien Nguyen share their knowledge on the New Securities Laws in this article with In-House Community Magazine April 2021 edition highlighting the implications of the changes on the relief of some restrictions on foreign ownership of public companies and how it will affect foreign investors and public companies.

Read the full article here