Issuance value of corporate bonds in Viet Nam reached a five-year high of VND39.45 trillion (US$1.7 billion) in 2018, data from Bao Viet Securities Co (BVSC) showed.
The initial public offerings of three subsidiaries of the Vietnam Oil and Gas Group (PetroVietnam) raised VND7.45 trillion (US$320.5 million) in the first half of this year, a company official said.
Viet Nam has embarked on the process of liberalising the power sector, in the hopes of easing electricity shortages, attracting more investment and boosting economic growth.
About 20 companies are projected to launch initial public offerings
(IPOs) on domestic exchanges this month with a total estimated value of
more than VND4 trillion (US$178.6 million).
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.
State-owned corporations and groups preparing to launch Initial Public
Offerings (IPOs) as part of their equitisation process are finding it
difficult to find strategic investors, industry insiders say.