Japanese enterprises want to be updated on legal procedures so that they could play a more active role in the process of state-owned enterprises privatization in Vietnam.

Tight liquidity is considered the main reason for difficulty that any investor who would like to take advantage of the country’s economic growth is facing.

In 2019, nine state firms were supposed to proceed with privatization, but only three in the prime minister-approved list for privatization completed the process.

Experts have pointed out a number of hindrances to SOE privatization, including weak corporate governance, valuation methods and restricted foreign ownership.

Total capital expenditure in the 2016 – 2020 period would exceed the target of VND2,000 trillion (US$86.45 billion), accounting for 27 – 28% of total spending.