Vietnamese State-Owned Enterprises after Equitization: Performance, Emerging Issues, and Policy Recommendations
Tran Tien Cuong, Bui Van Dung, Pham Duc Trung, Nguyen Kim Anh, Nguyen Thi Lam Ha, Nguyen Thi Luyen, Trinh Duc Chieu
Abstract
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
See the Central Institute for Economic Management (CIEM) website
Key words: SOES, equitization, corporate governance
Vietnam Economic Management Review No.2 Spring 2007 p.40-56
See the Central Institute for Economic Management (CIEM) website
Full Text: PDF