Vietnam’s State Firms: Excess Baggage

The Economist: Business, The Economist
Thu, 11/20/2014 - 6:38am

Not such a smooth take-off WHEN the government launched an initial public offering of shares in Vietnam Airlines on November 14th, it was hoping that the flotation of one of few companies widely known outside the country would help it speed up a plan to “equitise” hundreds of state firms. However, the IPO, in which a stake of just 3.5% of the airline was on offer, attracted not one foreign investor.

Topics: vietnam airlines november vietnam s gdp september vinatex vinashin ipo soes vietnam s state firms foreign shares investors attracted

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Vietnam’s State Firms: Excess Baggage

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