Vietnam creeps on to the radar

摘要

Share sales from state-run vinamilk and privately owned vietjet aviation were a study in contrast last week, as the high premium in the former kept away buyers, while the latter attracted some major overseas investors, despite a complicated settlement process. Vietnam's State Capital Investment Corp managed to sell only 5.4% of Vinamilk for D11.2trn (US$496m) instead of the 9.0% it had originally planned. The only bidders were F&N Dairy Investments and F&NBev Manufacturing, both subsidiaries of Charoen Sirivadhanabhakdi's Fraser and Neave. VietJet's D3.78trn IPO, meanwhile, had the support of 30 investors, 65% of which were foreigners.