ChineseTiger1986
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most of the state owned enterprises are a burden for the government as they make losses. many local banks suffer too as these dinosaurs owed them money. The plan is to radically reform the companies, injects money and sell them later at stock exchanges.
by the way, the government has very few options as Vietnam is going to join TPP soon, and the Americans demand Vietnamese government to reduce its stakes in major companies.
personally I find the step is good, as foreigners will bring in money and expertise.
The critical SOE is not running for profit, but for the national security. The privatization will only make it worse.
You can privatize those unimportant small SOEs (if it keeps losing money and it is not efficient) and sell it to some large private enterprises who are willing to pay a fair amount of money.
Remember those hydro companies and electricity companies, do you think they should take profit before people? The privatization of these type companies would only lead into disaster.