International Investing

So far this year Vietnams market is up 30%, following a 144% gain last year. Firms following a China plus One policy continue to flood into the market. The authorities are ready to take steps to curb market growth, the WSJ reports:

…the government will keep a 49% foreign-ownership limit for listed companies. Fund managers and analysts had been expecting the removal of this cap on companies in such sectors as consumer goods and technology, though not in banking.

In addition, the deputy finance minister, Tran Xuan Ha, said his agency will require more-extensive disclosure from foreign fund managers who want to set up operations in the country…

Meanwhile, the central bank is asking Vietnamese banks not to lend money to their own securities units. The move is an apparent effort to prevent domestic investors from buying shares with borrowed funds, a risky practice known as margin trading.