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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Vietnam advised to set up sovereign wealth fund

Posted on 16 July 2013

In order to boost productivity at its large but lethargic state-owned enterprises, Vietnam should look into the possibility to set up a government investment fund modeled on Singapore’s Temasek Holdings and Malaysia’s Khazanah Nasional Bhd, consulting firm McKinsey said.
Vietnam is currently trying to raise competitiveness and efficiency at state companies as economic growth slows after the Communist Party said in 2011 that unprofitable government-controlled firms had become “a burden.” Prime Minister Nguyen Tan Dung approved a master plan to force the companies to focus on core businesses and accelerate public share sales………………………………………..Full Article: Source


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