Vietnam steps up equitization to get ready for free trade with EUThe process known as equitization in Vietnam is turning government owned enterprises into joint-stock companies with ownership shares possessed by workers or other private sector interests. This is especially true considering the Vietnam-EU free trade pact. It should as well, noted Phong, sponsor more training workshops to introduce the Vietnam-EU free trade agreement to the business community. Enterprises must get fully engaged and participate in all phases of preparing for and implementing the free trade pact. The Government’s role should be to support Vietnamese private sector enterprises in building distribution channels and national brands in the EU but it should not attempt to micro manage the endeavour.

Source: VietNamNet News May 25, 2017 09:56 UTC