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New circular eases administrative burden for foreign investors

Update: December, 08/2012 - 09:00

HA NOI (VNS)– Administrative procedures related to foreign investment will be less complicated following a new circular guiding the activities of foreign investors on the stock market.

Circular No 213, issued by the Ministry of Finance on Thursday, will remove the need for judicial records for foreign investors while allowing them to extend the time to apply for transaction codes.

The issuance of transaction codes will also be reduced from 10 to seven days. In addition, to increase the transparency of the market, the circular added more regulations on information disclosure of foreign investors.-VNS

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