The land fever in special economic zones may put investors at risks, cause problems for land clearance, and even reduce the appeal of those zones to strategic investors.
Viet Nam Southern Food Corporation (Vinafood 2) recorded a business loss in the first half of last year and is maintaining a long-term debt of VND3,770 billion (roughly US$166.26 million).
Deputy Prime Minister Vuong Dinh Hue has approved the equitization plan of Hanoi Trade Corporation (Hapro) and Hapro's charter capital after equitization is estimated at VND2.2 trillion (US$97 million) accordingly.
Under the newly adjusted plan, Song Da Corporation (Song Da), the largest hydropower construction firm in Vietnam, will not sell its shares to strategic investors in its initial public offering.
Thousands of state-owned enterprises have been equitized over the years, which give strategic investors special interests.
PM approves corporation's plan, with 30% available for strategic investors.
