Vietnam to remove stock market's 30% foreign investor limit

HANOI, Vietnam (AP) - Vietnam will lift a cap on the amount of stock foreigners can own in listed companies in an attempt to attract more investment from abroad, a government official said Monday. 

Last July, Vietnam allowed foreign investors to own a maximum of 30 percent of companies listed on the market, up from the 20 percent limit that had been in place since the country's stock exchange was launched in July 2000.