More companies lift foreign ownership limit to 100%Three companies have opened up the foreign ownership limit to 100 per cent, the State Securities Commission announced. Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent by 2017-end. — Photo tienphong.vnThey include Viet Nam-Italy Steel JSC (VIS), Petrovietnam Fertilizer & Chemicals Corp (DPM) and confectionery Kido Group (KDC). Foreign ownership in Viet Nam-Italy Steel JSC is almost 25 per cent by February 21, 2018, of which Kyoei Steel Co is the largest foreign shareholder with a 20-per-cent stake. Foreign possession in Petrovietnam Fertilizer & Chemicals Corp was 24.5 per cent and in Kido Group 19.62 per cent by the end of last year.

Source: VietNamNet News May 03, 2018 04:52 UTC