State firms that have completed the privatization process are expected to float shares on local bourses and create space for more foreign investors to invest in the local stock market.

Some large SOEs are facing difficulties in valuation, mainly due to complicated financial situations, which causes delays in the privatization process.

HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.

The special finance – budget mechanism would be implemented in the next five years.

Under the decision, the Hanoi People’s Council is now authorized to levy new fees and charges in the city, and adjust the existing fees and charges.

State-owned enterprises supply energy, transport, and water to millions in Asia and the world. Managing them better will help consumers and governments alike.

Hanoi intends to use the proceeds for two urban railway routes costing a combined US$4.6 billion.

The enhancement of SOE privatization would benefit both the local stock market and enterprises.

Nearly 100 Vietnamese companies will need to hit the road for share auctions by the end of 2020 to meet the government’s target of privatizing state firms.