Vietnam-the next Asian Tiger? Message Board

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Strategies & Market Trends : Vietnam-the next Asian Tiger?

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From: Mannie	1/23/2007 1:37:05 PM
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Vietnam eyes bonds, equitization of state firms to raise $7.8 bln The Vietnamese government hopes to raise US$7.8 billion this year by issuing bonds and equitizing state-owned firms, Deputy Minister of Finance Tran Xuan Ha told a two-day conference in Hanoi ending Tuesday. It hoped to attract direct and indirect investment from local and foreigner investors, he said. Vietnam has seen massive investment inflows due to a recent stock market boom. Vu Bang, head of the State Securities Commission, said the quality and effectiveness of the market would be enhanced through stricter control to prevent fraud and incompetence. The government plans to issue bonds to raise capital for industries like energy, banking, IT, and aviation as these are closed to foreign investment. By 2010 it hopes to equitize more 71 state-owned companies. The conference attracted hundreds of delegates including over 400 local and foreign experts from the World Bank, Asian Development Bank, and other agencies.

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