Vietnam Privatization Slowed by Book Value vs. Market Value Rule

The Ministry of Finance in Vietnam plans to privatize 367 state-owned enterprises by 2015 (as many as 93 SOEs this year).   The privatization process is slower than hoped because of  the government’s rule that  SOEs cannot sell stakes to investors  at prices below the SOE’s book value.  Government officals are asked to consider allowing more autonomy for SOE’s to accept investor offers at market value instead of book value.

http://www.thanhniennews.com/2010/pages/20120701-vietnam-soes-cautious-with-privatization-due-to-asset-regulation.aspx

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s