StarCraft_ZT
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Most are State owned:
Vietnam still has no global recognized brand.
This situation shall be changed with the deepening of economy reform. The richer the country, the poorer its citizens. A global recognized brand is like the name card of this country.
PetroVietnam is exclusively in the oil and gas business. Oil and gas however is just worth about 5% of Vietnam's total natural resources.
Yeah I know. I am not saying natural resources, I mean Vietnam government must have dedicated so much to this state owned company, through many ways, like governmental grants or policy priority, because this is the most crucial industry to your economy, similar to our china petrochemical corporation. The more you give to companies like petroViet, the fewer financial support will be available to other companies and other industries, then less likely they will have the chance to make breakthroughs or innovative things. Of course, it's just my speculation, I never went to Vietnam. But it's correct to improve the earnings capability of state owned company.