Equitisation ( vi, Cổ phần hóa) is a
Vietnamese English term that denotes the conversion of a
state-owned enterprise in Vietnam into a public
(joint stock) company or a
corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and ...
by dividing ownership into
shares. Equitisation is undertaken to further integrate the Vietnamese economy into the global market and gain access to foreign capital, and therefore often coincides with partial privatization, with the state retaining major or controlling stakes in the equitized firms.
See also
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Corporatization
Corporatization is the process of transforming and restructuring state assets, government agencies, public organizations, or municipal organizations into corporations. It involves the adoption and application of business management practices and ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
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Nationalization
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Socialist-oriented market economy
The socialist-oriented market economy (Vietnamese: ''Kinh tế thị trường theo định hướng xã hội chủ nghĩa'') is the official title given to the current economic system in the Socialist Republic of Vietnam. It is described as a ...
References
PhD thesis: Equitisation and Stock-Market Development : The Case of Vietnamof Truong Dong Loc, July 2006, pdf 1.7mb.
Overview of the Capital Markets in Vietnam and Directions for Development(World Bank Report May 2006) 1mb pdf, 82 pages
Economy of Vietnam
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