Vietnam permits full foreign ownership in most firms: TV

HANOI (REUTERS) - Vietnam will allow foreigners to own 100 per cent in most listed domestic companies, instead of 60 per cent as previously expected, state-run Vietnam Television said on Friday.

The government has signed a directive to amend a current rule that restricts foreign ownership at 49 per cent of a listed firm, VTV said in a nationwide broadcast, citing the government directive.

It gave few details and did not say when the new rule would comes into effect.

The new liberal measures, however, would not apply to certain firms or sectors in which the state needed to retain controls, it said.