More tweaks needed for foreign ownership rules, illustration photo source: internet At the recent conference hosted by the Ministry of Planning and Investment (MPI) to collect comments for the first version of the draft law on the revision of the Law on Investment 2014 and the Law on Enterprises 2014, businesses and stakeholders raised a number of concerns, with foreign ownership rules being the biggest. Loopholes in the investment regulations are nothing new, but recent discussions about the shortcomings of the foreign ownership limit (FOL) rules were once again particularly heated on the agenda. The rules were recompiled after it became clear that the current FOL rules enable foreign investors to make unfair profit. The question of legal loopholes reminded people of the historic $5 billion sale of the state’s stakes at Saigon Alcohol Beer and Beverages Corporation (Sabeco) – the country’s biggest brewer – in late 2017. At the time, the foreign investor used a Vietnamese entity in which it owns a 49 per cent stake to buy 53 per cent of the state stake in Sabeco. This way, they bypassed the FOL, which was capped at 49 per cent for foreign investors. This time, the MPI received a… Read full this story
- More companies lift foreign ownership limit to 100pc
- Vietnam's MB Bank expands foreign ownership limit to 20.9%
- ‘Don’t blame the mirror for your ugly face’: why foreign idioms rule
- EXCLUSIVE-New Indian law to protect foreign investors to exclude tax demands -documents
- Britain Needs Strong Leadership. Now It Has Showman Boris Johnson.
- What You Need to Know About India’s Power Grab in Kashmir
- India should ‘open doors to foreign universities to achieve 2020 education target’
- China’s foreign ministry berates U.S. travel restrictions
- Union Budget 2020: BJP recommends tax tweaks to attract foreign investors
- Vladimir Putin submits his ‘rule for life’ constitutional changes to Russia’s parliament as opponents vow to stage huge rally against his plans
More tweaks needed for foreign ownership rules have 327 words, post on www.vir.com.vn at March 7, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.