Vietnam’s business in 2018: New mindset needed for prosperity

The Hanoitimes – The business community in 2017 has experienced ups and downs, but with more business mindsets and ideas to break away from tradition, 2018 is expected to be year for enterprises to flourish. As the government is pushing up with the divestment plan of state fund from state owned enterprises (SOEs), new doors are open for private enterprises to set foot in essential economic sectors in Vietnam. The shift of trade and investment flows through new-age free trade agreements to preparations for the fourth industrial revolution also create chances in attractive investment – business channels.    2018 is expected to be year for enterprises to flourish. The divestment plan of state fund from the Saigon Beer Alcohol Beverage Corp (Sabeco), resulting in Vietnam Beverage successfully bought 53.59% Sabeco shares has raised 4.8 billion USD in revenue. This successful deal has eased off concern from investors and some administrative agencies, showing the positive responses from the market toward determination and effort of the government in respecting market principles and meeting expectation for a transparent business environment. As such, this deal will lay the foundation for other SOEs to speed up the equitization process, such as Hanoi Beer Alcohol & Beverage (Habeco), Vietnam National Petroleum Group (Petrolimex), Mobil Fone, PV Oil, PV Power, Vietnam National Tobacco Corporation (Vinataba), or Binh son Refining and Petrochemical Company (BSR).  Previously, some expressed concerns over the government is selling the best Vietnamese brands to foreign investors, but through divestment plans, the aim is to…

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