Vietnam: Strategic Sales in Equitisations

In 2009, state owned enterprise (SOE) equitization still remains a hot topic of discussion, especially among the legal professionals when large SOEs started their process of equitization which attracts a large number of strategic foreign investors. This IFLR article covers the advantages and the disadvantages of equitization in Vietnam with the existence of the basic legal framework for equitization, Decree No. 109/2007/ND-CP on Conversion of 100% State-owned Companies to Joint Stock Companies (Decree 109) and Decree No. 69/2007/ND-CP on Acquisition by Foreign Investors of Shares in Vietnamese Commercial Banks.