Vietnam can benefit from more foreign ownership of local stocks
Raising the country's foreign-ownership limits would attract more investment from offshore and provide local banks with greater access to foreign expertise, say fund managers.
Vietnamese asset managers are looking forward to when the country's State Securities Commission (SSC) raises the ownership limits for foreign investment in listed domestic firms. The government has committed to the increase, but uncertainty remains over when it will happen, and the SSC did not respond to calls and emails for comment by press time.
In the meantime, foreign activity is on the increase in Vietnam, says Kevin Snowball, chief executive of PXP Asset Management in Ho Chi Min…
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