Nghị định 245: Động lực thu hút dòng vốn ngoại vào Việt Nam 📈 | Wealth-Being #17

Key Concepts:

• Nghị định 24/2024 (Decree 24/2024): New regulations impacting information disclosure and foreign ownership limits in the Vietnamese stock market.
• Công bố thông tin (Information Disclosure): The act of publicly releasing financial and operational data by listed companies.
• Room ngoại (Foreign Ownership Limit/Room): The maximum percentage of shares a foreign investor can own in a Vietnamese company.
• Nâng hạng thị trường (Market Upgrade): The process of Vietnam's stock market being reclassified as an emerging market by international organizations.
• Nhà đầu tư chiến lược (Strategic Investor): Investors who bring expertise, technology, or other benefits to a company in addition to capital.

I. Information Disclosure Requirements (Yêu cầu về công bố thông tin)

• Main Point: Nghị định 24/2024 introduces stricter and broader information disclosure requirements for listed companies.
• Details:
  • The new regulations aim to enhance transparency and accessibility of information for investors, especially foreign investors.
  • Starting from the end of the current year (implied year of recording) until 2025, large enterprises will be the first to implement the new disclosure standards.
  • Gradually, all listed companies will be required to publish information simultaneously in both Vietnamese and English.
• Significance: This is a key point that foreign investors have been anticipating, as access to information in English is crucial for their investment decisions in the Vietnamese stock market.

II. Foreign Ownership Limits (Quy định về sở hữu nước ngoài)

• Main Point: Nghị định 24/2024 addresses the issue of companies restricting foreign ownership below the legally permitted limit.
• Details:
  • Under the previous Nghị định 15, companies had the right to "lock" the foreign ownership room at a level lower than the maximum allowed by law. For example, if the law allowed 30% foreign ownership, a company could choose to restrict it to 20%.
  • The new regulation allows companies to lock the foreign ownership room, but with the condition that the locked room cannot be lower than the previously locked room.
• Example:
  • A bank has a legal foreign ownership limit of 30%.
  • The bank is currently locking the room at 20%.
  • Under Nghị định 24/2024, if the bank wants to lock the room again, it must lock it at a level between 20% and 30%.
• Argument: This change aims to gradually liberate the foreign ownership room, ensuring greater market access for foreign investors in the securities sector.
• Connection to Market Upgrade: The speaker believes that this regulation is partly intended to facilitate the future upgrade of Vietnam's stock market.

III. Synthesis/Conclusion

Nghị định 24/2024 focuses on two key areas: enhanced information disclosure and more flexible foreign ownership limits. The simultaneous publication of information in English is a significant step towards attracting foreign investment. The changes to foreign ownership rules aim to provide greater access to the Vietnamese stock market for foreign investors, potentially contributing to the market's upgrade to emerging market status. The new regulations are expected to improve transparency and accessibility, making the Vietnamese stock market more attractive to international investors.