Foreign investors shy away from Vietnam Airlines IPO

Dino D'Amore
By Dino D'Amore November 21, 2014 20:47

Foreign investors shy away from Vietnam Airlines IPO

The Vietnam Airlines IPO on November 14, which offered 3.5% of the company, failed to attract one foreign investor, dashing the hopes of the government that it would precipitate the sale of more state firms to foreign buyers.

This is no real surprise since Vietnam’s stockmarket is one of Asia’s smallest, and foreign investors are reluctant to buy shares in firms the state will continue to control, especially those in such areas as energy and transport, which it regards as strategic assets.

Dino D'Amore
By Dino D'Amore November 21, 2014 20:47