Vietnam Air IPO 'won't boost SOE sell-off drive'
Analysts also say share sale may not bring radical change in the company or the state sector more broadly
Hanoi
AFTER decades of speculation and multiple failed attempts, Vietnam Airlines' long-awaited initial public offering (IPO) is set for take-off on Friday, but experts say it is unlikely to boost the communist country's lacklustre privatisation drive.
The offer of shares in the "crown jewel" of the country's many state-owned enterprises (SOEs) is a symbolic milestone in a broader government plan to offload stakes in hundreds of companies.
But the state will still retain a controlling 75 per cent stake in the flag carrier, suggesting there is little appetite for real change.
"Officials want to avoid real privatisation,"…
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