Vietnam to Sell Shares in BIDV in 2009
Deputy Prime Minister Nguyen Sinh Hung has just turned green light to share sales in the Bank for Investment and Development of Vietnam (BIDV)-the second biggest bank by assets-next year, the government of Vietnam said.
Deputy PM Hung has okayed valuation of the bank fixed for Dec 31 this year. BIDV has a registered capital of VND7.49 trillion (US$440 million).
In the first three quarters, the bank said it had a total of VND43.527 trillion (US$2.638 billion) to 17,000 small and medium enterprises, which accounted for 21.5 per cent of its outstanding loans and guarantees.
Vietnam plans to privatize 19 state-owned corporations next year, Planning and Investment Minister Vo Hong Phuc said. (www.chinhphu.vn)
Vietnamese
