Vietnam making room for private sector

Recent moves by bureaucrats and politicians have local financiers hopeful that the government will limit state involvement in key sectors.

Vietnam making room for private sector

Nguyen Tan Dung, Vietnam’s prime minister, during a late-September visit to New York said the government would move ahead with plans to sell stakes in the country’s top state-owned enterprises.

This followed a meeting on September 17 in Hanoi, in which the State Securities Commission formally recommended to the Ministry of Finance that foreign ownership limits be raised on many listed companies and banks. It is now up to the finance ministry to agree and...

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