The Vietnamese government extended foreign ownership limit (FOL) for public companies (excluding banks) up to 100% (current limit: 49%) starting on 1st September.
This is a long awaited development, as most (i.e 9 out of top 30 stocks by market cap) Vietnamese blue chips are at maximum foreign room and are normally traded at premium.
In addition to reduced paperwork (no consular authentication, online trading code registration), liquidity support (shortening settlement date, allowing intraday trading), Vietnam is hoping to lure more foreign investors by offering more tradable investment ideas, with the aspiration of being upgraded into an emerging market status.
Source: Bloomberg, Data as of 24 Aug 2015
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