In pursuit of the goal of improving the legal framework for investment and businesses, the government adopted Decree 155/2020/ND-CP on 31 December 2020 (“Decree 155”), which came into effect on 1 January 2021. Decree 155 introduces, among other things, new rules for foreign investment in the stock market. By these new rules, the government aims to promote foreign investment in the stock market while maintaining appropriate control over the inflow of foreign investment.
This article highlights some of the key components of Decree 155. After being fiercely opposed by the banking industry, the proposal of the State Securities Commission (SSC) to take away the right of a public company to set its own foreign ownership cap (the “Foreign Cap”) has…To read the full article, please see the PDF file
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Asia Newsletter (May 7, 2021) (992 KB / 5 pages)
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He has worked in Vietnam since 2014, and is currently a representative of our Hanoi Office. He has mainly provided legal advice to many Japanese and international companies on various cross border M&A cases and other cross border transactions, including the acquisition of shares in listed companies and large scale companies in various industries. He also provides advice on compliance, labor law, corporate disputes and general corporate and commercial transactions based on his extensive knowledge and experience.