Vietnam finally rolls with privatisation drive as investors show thinning patience

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

Foreign investors and bankers who flocked to Vietnam in the past two decades as they sought to cash in on government plans to sell state assets usually left frustrated as what was promised rarely materialised. But now they are finally seeing some modest grounds for optimism.

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