Wednesday, February 28, 2007

No need for capital control

Vietnam has no need to impose capital controls on foreign stock investors for the moment but does require better management to stabilise the booming stock market, Prime Minister Nguyen Tan Dung said.

"It is not yet necessary to apply urgent measures to control foreign capital on foreign indirect investment as proposed by the central bank on Feb. 12," Dung said in a circular published on the government's Web site on Wednesday.

Source: Reuters

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