Vietnamese State-Owned Enterprises after Equitization: Performance, Emerging Issues, and Policy Recommendations

Equitization is the sole method of state-owned enterprise reform in Vietnam. This paper analyzes the results of a survey on the performance of equitized enterprises. Its findings clarify the causes of pre- and post-equitization differences and the impact of ownership structure on the performance of equitized enterprises, focusing on arising problems in the post-equitization period, particularly those regarding corporate governance. Based on the results of survey, the paper also provides some policy recommen-dations to speed up the equitization process and enhance post-equitization corporate governance in the years to come.

Key words: SOES, equitization, corporate governance

Vietnam Economic Management Review No.2 Spring 2007 p.40-56

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