Bad week for Vietnam stock investors

The IPO of Vietnam Airlines and Mondolez’s stake in a Kinh Do subsidiary shut out foreign and retail stock investors.
Split personality: cap markets are busy but investors are being shut out
Split personality: cap markets are busy but investors are being shut out

It’s turning out to be a busy week for capital markets in Vietnam – but not for investors in Vietnamese stocks

Vietnam Airlines is scheduled this Friday to complete its long-awaited initial public offering That's after global snacks producer Mondolez International announced on Tuesday that it would acquire 80% of BKD, a subsidiary of Vietnam’s Kinh Do Corporation, subject to shareholder approval

However, investors in Vietnamese stocks are excluded from both deals The amount of Vietnam Airlines that will be freely floated is just over 3% and the shares have already been sold to a pair of local banks

The BKD sale, meanwhile, only works because BKD is private Under Vietnamese law foreigners can own...

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