Equitisation () is a Vietnamese English term that denotes the conversion of a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

in Vietnam into a public (joint stock) company or a

corporation A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the State (polity), state to act as a single entity (a legal entity recognized by private and public law as ...

by dividing ownership into

shares In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital stock of a corporation. It can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Sha ...

. 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.

References

PhD thesis: Equitisation and Stock-Market Development : The Case of Vietnam
of 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 {{Vietnam-stub

See also

References