Vietnam Eases Rule for Foreign Investors Ahead of Market Upgrade

Vietnam will allow foreign investors to trade through global brokerages directly instead of with local firms, a step aimed at improving market accessibility as the country prepares for an upgrade to emerging-market status from FTSE Russell.

Under revised regulations issued by the Ministry of Finance, overseas investors will be able to place orders via international brokerages acting as authorized intermediaries without the need to open individual trading accounts at domestic securities companies, according to a statement on the government’s website.