The Government’s Office on February 20th issued decree No 1061/VPCP-KTTH announcing that the Prime Minister has approved the submission by the PetroVietnam Joint Stock Finance Corporation to sell its shares to Morgan Stanley International Holdings Inc (MSIHI) in US dollars.

The Prime Minister has also requested the State’s Bank, Finance Ministry and relevant agencies to draft a regulation for share trading in foreign currencies.

The new decision will have a positive impact on the declining securities market and creates better conditions for foreign capital attraction.

Previously, the State’s Securities Commission had also submitted similar proposals to the Prime Minister as foreign investors want to buy shares of Vietnamese enterprises in foreign currencies.

Source: TBKT

Translated by Hoang Anh