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Economy

Vietnam primed for M&A boom as foreign ownership limit eases

Industries like pharmaceuticals and real estate catch Asian buyers' eyes

Hanoi during rush hour. Vietnam is becoming a destination for multinationals seeking shelter from the U.S.-China trade war.   © Reuters

TOKYO -- Vietnam appears poised for a surge of investment following the country's move to lift restrictions on foreign ownership of companies, as Asian multinationals realize the benefits of having a presence in one of the region's fastest-growing economies.

The planned reform comes as the growing trade war between Washington and Beijing turns Vietnam into a haven for businesses wary about maintaining or expanding production in China.

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