Vietnam Scraps Stock Pre-Funding Rule With Eye on Market Upgrade

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(Bloomberg) -- Vietnam will remove a requirement for overseas investors to fully pre-fund equity trades, marking the country’s latest effort to boost its...

-- Vietnam will remove a requirement for overseas investors to fully pre-fund equity trades, marking the country’s latest effort to boost its chances of being reclassified as an emerging market.Pipe Fire Near Houston Forces Residents to Evacuate

“With expectations of an upgrade happening in 2025, I expect large cap blue-chip companies to do well,” said Ruchir Desai, a co-fund manager at AFC Asia Frontier Fund. The pre-funding rule “was the major sticking point,” he said. “While immediate additional foreign inflows may remain modest, this approval marks a pivotal step in regulatory reform,” said Tyler Manh Dung Nguyen, chief market strategist at Ho Chi Minh City Securities Corp.

VATICAN CITY — The Vatican is providing its long-awaited assessment on one of the more contested aspects of Roman Catholicism in recent years: the reported “apparitions” of the Virgin Mary in an otherwise unremarkable village in southern Bosnia.Russia has introduced a state of emergency in its Siberian region of Krasnoyarsk due to heavy rains that damaged local crops, TASS news agency quoted Sergei Ponomarenko, First Vice Governor of Krasnoyarsk region, as saying on Thursday.

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