Vietnam to launch nearly 40 IPOs of state companies in 2H2017

A Vietnamese national flag is seen at the Flag Tower of Hanoi in Hanoi November 13, 2014. REUTERS/Kham

Vietnam has an ambitious target of privatising 39 companies in the second half of 2017 after a slow start to the year saw only six state firms launch IPOs in the first half. The country has set itself a goal of paring stakes in 137 state owned enterprises by 2020.

Vietnam’s remaining divestment portfolio includes approximately VND90 trillion ($4 billion) in three subsidiaries of PetroVietnam, and a VND24 trillion unit under Vietnam Electricity. The government said 20 companies are currently in the valuation process and 14 others are going to finalise their pricing.

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