Vietnam Dealbook: Dempsey Hill disposes of MWG shares, Vinasugar II to auction 93% stake

Vietnam
Vietnamese national flags and billboards advertising the 12th National Congress of the Communist Party of Vietnam line a highway in Hanoi, Vietnam. Photographer: Maika Elan/Bloomberg

Stake disposals appear to be de rigueur in Vietnam currently. Dempsey Hill Asia Fund has transferred a million shares in Mobile World Investment Corporation (MWG) to four foreign funds while the government has decided to divest its 93 per cent stake in Vietnam Sugarcane and Sugar Corporation II (Vinasugar II).

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