Under the new rules, these investors can also bid for securities or the stakes of equitised enterprises and invest in securities funds and joint-stock enterprises at a fixed rate.

The new regulations also give every foreign investor the right to open a bank account in the domestic currency (VND) in order to invest indirectly in Vietnam.

Experts say that the new regulations provide more convenient conditions for foreign investors who wish to invest in the nation’s stock markets.

The regulations are supported by the State Securities Commission (SSC), enabling the Government to mobilise more investment sources, both direct and indirect, while securing a database to effectively manage and handle the balance of payments for the macro economy.

This will also help sustainably develop the stock market and the national economy, says the SSC.

Preliminary statistics revealed that some 12,700 foreign investors’ accounts deal with the nation’s stock market, the majority of them individuals, as well as several hundred accounts belonging to foreign organisations.

Source: VOV