Why doesn't Vietnam have large businesses? VietNamnet Bridge - Many newly emerged businesses have been sold to foreign investors as soon as they became better known, and before they could become powerful conglomerates. Many newly emerged businesses have been sold to foreign investors as soon as they became better known, and before they could become powerful conglomerates. More than 90 percent of Vietnamese businesses are small and Vietnam does not have large corporations which can act as pillars in most business fields.The rumors about FPT selling its retail chain are true. The deal brought $370 million to Kinh Do’s owner, a large sum of money for any Vietnamese enterprise.

Source: VietNamNet News August 23, 2016 01:07 UTC