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View Full Version : Although foreigners can buy Vietnamese stocks, it isn't easy.


dinaros
05-15-2007, 11:58 AM
Firstly, you can only do so by opening a custodian account at a Vietnamese bank. To do that, you must go to Vietnam in person to have your birth certificate and passport notarized at your embassy or consulate there.
Secondly, there's a limit on the proportion of the stock of a listed company that may be owned by foreigners – 49% generally and 30% in the case of banks.
Thirdly, you must leave your invested capital in the country for at least 12 months. However after that, it may be freely exported, as dividends can be.


http://www.dailywealth.com/archive/2007/mar/2007_mar_03.asp