index A new privatization push has been instructed by Hanoi as the country’s sovereign wealth fund, the State Capital and Investment Corporation, will sell stakes in ten companies. The divestments are expected to raise more than US$ 3 billion to pay off public debt and to upgrade the country’s healthcare sector. The following is a list of these ten companies with the state’s current shareholding stake and book value.
October ushered in a wave of news affecting the investment climate of Vietnam, for the most part adding to the country’s increasing attractiveness to foreign investors. The country is on track to post its highest growth rate since 2008, expected to reach 6.5 percent, while the National Assembly’s Economic Committee told a National Assembly Standing Committee meeting in the middle of the month that GDP growth will likely reach 6.7 percent in 2016.
The latest scandal to hit Vietnam’s banking sector involves the country’s largest bank, Vietnam Bank for Agriculture and Rural Development (Agribank), and includes an intriguing mix of IP fraud perpetrated by a foreign garment company and internal collusion at the bank.