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Vietnamese companies thrive despite divestment of foreign shareholders
09:37 | 25/01/2021
The blast-furnace No 1 of Hoa Phat - Dung Quat Iron and Steel Integrated Complex. - Photo hoaphat.com.vn
Foreign shareholders play important roles in supporting business activities and creating a good image for public listed companies. After achieving initial cooperative targets, some organisations plan to disinvest.
Vietnamese companies witnessed the withdrawal of many foreign investors, but their businesses are still growing due to accumulative management skills during the cooperation period.
Lucerne Enterprise Ltd and NS Advisory Inc Pte.Ltd of Nikko Indonesia sold millions of Licogi 16 (LCG) shares at the end of 2020. The Indonesian shareholders started to invest in LCG in 2014. ....

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