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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Vietnam’s Biggest Investor Is Quietly Quitting The Market

Posted on 17 October 2016

A sovereign wealth fund in Vietnam announced this year it would divest from holdings among 120 listed companies. That plan, part of the government’s longer-term scheme to pull out of listed firms, will let the free market take its course instead of taking cues from the Communist state and allow companies involved to operate more efficiently. But the process just might take a while.
Divestment by the State Capital Investment Corp. would free up shares for ever-eager foreign investors. Offshore funds see Vietnamese stocks as investments in the Southeast Asian country’s fast-growing, export-led economy and surging middle class……………………………………..Full Article: Source


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