Euphoria remains in check amid Vietnam’s market breakthrough

HANOI: After Vietnam’s largest listed company scrapped limits on foreign ownership, analysts say other firms will need to follow before the country's equities market truly opens up.

Vietnam Dairy Product JSC last week announced plans to remove the 49% foreign ownership cap on its shares. International investors have long clamored to buy more shares than what's been available in the frontier nation to tap one of the world’s fastest-growing economies. Vietnam's benchmark index, one of the best performers in Asia in 2016, last week touched the highest level since July.