Vietnam plans to raise over $570m through IPOs in energy firms

Vietnam plans to raise over $570m through IPOs in energy firms

Vietnam hopes to raise a total of more than $570 million by selling stakes in an oil refinery, an oil distribution firm and a power company, the government website said on Saturday.

The communist state has accelerated its privatisation programme in recent weeks, partly because of the need to fund a budget deficit and in the face of growing public debt.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter