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Unformatted text preview: "FT" and "Financial Times" are trademarks of the Financial Times. Privacy policy | Terms © Copyright The Financial Times Ltd 2010. Close Hanoi signals resumption of state sell-offs By Tim Johnston in Bangkok Published: January 5 2010 23:05 | Last updated: January 5 2010 23:05 Vietnam appears ready to restart its privatisation drive after the government signalled it was preparing to sell two of the largest state-owned enterprises. Nguyen Tan Dung, the prime minister, earmarked Petrolimex, the largest fuel importer and distributor, and Vietnam Steel Corp, the steelmaker, as the next candidates, but did not give a timetable. Analysts said the move, known as equitisation in Vietnam, marked a return of confidence on the back of strong economic data and recovering markets. The long-pledged privatisation drive has stuttered so far. Analysts said it was impossible to give an accurate valuation for either company because the companies did not publish accounts. Petrolimex, which controls 60 per cent of the fuel distribution market in Vietnam, could be worth publish accounts....
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This note was uploaded on 09/23/2010 for the course BUSA 354 taught by Professor P during the Winter '10 term at McGill.

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