An ambitious but poorly executed privatisation programme appears to be reaching an important juncture that may lead to far more of Vietnam's state-owned enterprises coming up for sale over the next few years.
So far this year, the government has only made 11 divestments from a targeted 44 thanks to a combination of foot dragging and inexperience, which have made the execution process tortuous and difficult.
In 2016 the government set a target of restructuring 240 SOEs, then selling off 137 in their entirety and a further 31 in which the state would still maintain a controlling stake see table one. Dragon Capital estimates that...
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