The poor first-quarter response to IPOs (Initial Public Offerings)
launched by State-owned enterprises (SOEs) shows that they have not
prepared well for their equitisation process, a VnExpress report said.
Prime Minister Nguyen Tan Dung has approved the privatisation plan of
the Civil Engineering Construction Corporation No 8 (Cienco 8),
according to the Government news portal.
Companies plan to launch a number of initial public offerings (IPOs) at
the end of February and in March, and trillions of dong will likely be
needed to absorb them.