Government To Offer Petrolimex Equity

February 2010
Asia Monitor: South East Asia Monitor Volume 1;Feb2010, Vol. 21 Issue 2, p5
Country Report
The article focuses on the plan of the Vietnamese government to reduce its holding in fuel distributor Petrolimex to 75% to help balance the country's budget. It emphasizes that the state has earmarked Petrolimex for sale as part of its renewed privatization drive. It says that the company is set to face competition from private firms as the liberalization of the states' downstream segment proceeds. It mentions the government's proposal to permit private domestic operators in the fuels market.


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