Vietnam’s government hopes to raise at least US$297 million (RM1.22 million) by selling a 20 per cent stake in Petrovietnam Power Corporation and at least US$155 million by selling 7.79 per cent of the Binh Son Refining and Petrochemical company, it said today.HANOI, Dec 9 —
The communist state has recently accelerated its privatisation programme.
In addition to the sale of shares in initial public offerings, the government said it planned to sell a 28.9 per cent stake in the power company and a 49 per cent stake in the refinery to strategic investors. — Reuters
Source: The Malay Mail Online