Equitization brings back new opportunities

VGP – The Vietnamese Government committed to restructuring the economy, focusing on investment, State-owned enterprises, and banking-finance, which opens up new opportunities for local and foreign investors, official said.

June 19, 2014 6:36 PM GMT+7

Deputy Minister of Planning and Investment Nguyen Chi Dung told delegates to the Viet Nam Investment Forum 2014 in Ho Chi Minh City on June 19.

Between 2014 and 2015, the Government planned to equitize 432 State-owned enterprises and investors can join the process.

The opportunities are consolidated by the country’s efforts in improving the business environment through amending and supplementing the Laws on Enterprises, Investment, Real Estate Business, Housing among others.

Mr. Dung said that over 17,000 accounts have been opened by foreign individuals and organizations in the Vietnamese stock market while a number of big investment funds and investors have expanded operations in Viet Nam.

According to the Ministry of Planning and Investment, foreign direct investment reached US$5.51 billion in the first five months of 2014 and the disbursed value increased by 0.4% to US$4.6 billion.

The FDI sector’s export volume accounts for 67% of the country’s total export figure, up 18.6% against the same period last year./.

By Huong Giang