A spate of state-owned giants in Vietnam successfully offered their shares to the public last year. These included, the national flag carrier Vietnam Airlines (collecting over VND1 trillion – $46 million during the IPO), the Vietnam National Textile and Garment Group, or Vinatex (VND1.2 trillion) and the Ca Mau Fertiliser (VND1.58 trillion), a unit of the energy titan PetroVietnam.
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