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  Policy & Strategy

Foreigners permitted to own 30% stake in Vietnam firms

Foreign organisations and individuals, even those not residing in Vietnam, can now own up to a 30% stake in Vietnamese companies, thanks to a decree signed recently by Prime Minister Phan Van Khai regarding the implementation of the Enterprise Law.

Enterprises for which the new rules apply must be companies and branches of foreign enterprises already allowed by Vietnamese law, according to the Ministry of Planning and Investment.

The move is meant to create favourable conditions for all Vietnamese enterprises to attract investment capital from foreign investors, expand production, business and, thereby, increase opportunities to penetrate into foreign markets.

The document, Decree 125/2004, is an amendment to Decree 03/2000 and also specifies the role of State management vis-à-vis Vietnamese enterprieses.

Foregn Affair - (27/05/2004)


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