Vietnam: From a government-led economy to a liberalized economy
The Vietnamese government has tried to move from the Vietnamese economy from a government-led economy to a liberalized economy for quite a few time now. There have already been many successes but the journey is not over yet. The year 2018 should see Vietnam adding many additional stock listing by previously state-owned companies. The "new driving force of Vietnam is the acknowledgment that the state will not mobilize or distribute or regulate resources, but direct [companies] via policies," Nguyen Duy Hung, chairman and chief executive of Saigon Securities, said on November the 15th in Hanoi. The Vietnamese government is looking to "promote a better environment for both local and foreign investors," Hung said. This initial public offering process has started for quite sometimes but we expect the process to accelerate next year. This will offer new opportunities for Vietnamese investors.