Is there a foreign ownership cap in a company in Vietnam ?

Hi DMS Attorneys in Vietnam! Could you advise me if there is a limit to the percentage ownership of foreign investors in a private, non-listed company in Vietnam ? 

Hi!

A foreign investor is permitted to own unlimitedly the charter capital of an economic organization, except for the following cases:

The ratio of ownership of foreign investors in listed companies, public companies, securities trading organizations and securities investment funds is subjected to the law on securities;

The ratio of ownership of foreign investors in State enterprises which conduct equitization or convert their ownership into another form is subjected to the law on equitization and conversion of State enterprises;

The ratio of ownership of foreign investors not covered by Points (a) and (b) of this Clause is subject to other relevant laws and international treaties of which the Socialist Republic of Vietnam is a member (Clause 3 Article 22 Law on Investment No. 67/2014/QH13 dated 11/26/2014).

Therefore, there is no cap on foreign ownership in a private, non-listed company in Vietnam.

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Is there a limit to the percentage ownership of foreign investors in companies in Vietnam ?