Glossary · Vietnam
Foreign ownership limit (FOL)
Definition
A cap, set sector by sector, on the percentage of a Vietnamese company that foreign investors may collectively own — stricter in sectors like banking and telecoms, looser in general manufacturing and tech.
Why it matters for a secondary
Any foreign buyer in a Vietnamese secondary has to check the FOL for that company's sector before pricing a deal — it can cap how much of a stake sale like MoMo's a single foreign bidder is even allowed to take.
Frequently asked questions
Does "Foreign ownership limit (FOL)" apply the same way everywhere in Asia-Pacific?
No. Each market in this glossary has its own regulator, corporate forms, and rules — this term is specific to Vietnam. Check the linked market page for the fuller picture.
Is this legal or financial advice?
No. This is orientation for investors and allocators, not legal or financial advice. Confirm current rules with a licensed adviser in the relevant market before acting on anything here.