Thursday, January 11, 2007

Goldman Sachs turns attention to Vietnam

CEO Loyd Blankfein flew to Vietnam this week to meet officials from the government and the country's central bank.

Other investment banks interested in Vietnam include ABN Amro, Citigroup and Merrill Lynch, which has a securities joint venture there.

The Vietnamese government is overseeing a major privatization program. Its shares in companies from industries such as cement, chemicals, textiles and transport are all likely to be sold to investors within the next three years.

Source: Thanh Nien

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