Hanoi: Expect to see a raft of maritime related stock listings in Vietnam in the coming months. The government has been exhorting state owned enterprises to list, especially firms that have struggled financially. This has seen various subsidiaries of Vinalines and shipbuilder SBIC ready IPOs. Now the government has moved to hasten the listings.
According to Decision 51/2014/QD-TTg, within 90 days from getting registration certificates, enterprises must finish procedures for registration of public firm status, stock custody and application for listing on the UPCoM, the market for unlisted public companies.
SOE candidates are required to get listed on the stock market within a maximum of one year if they meet listing conditions in accordance with the decision, which takes effect on November 1. [22/09/14]