Deputy PM works with BNP Paribas executives on equitization, divestment

April 20, 2017 | 09:20

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Deputy PM Vuong Dinh Hue and leaders of ministries and sectors attended a working session on April 18 with the managing board of the BNP Paribas, a Paris-based bank, led by Christian De Charnace, head of the BNP Paribas for the Asia-Pacific region.

Photo: VGP

The two sides discussed equitization and divestment from equitized State-owned enterprises (SOEs), a field in which the BNP Paribas is experienced.

Christian De Charnace said his bank has participated in providing consultations for many equitization deals of SOEs in France, and is the consultant for the deal of selling Viet Nam’s Big C supermarket to Thailand’s Central Group and for Vietnamese low-budget Vietjet Air’s IPO.

During the working session, he advised the Vietnamese side on how to evaluate SOEs, strategic investors, the role of consultants in SOE equitization and the classification of shares, among others.

Expressing his pleasure to receive BNP Paribas executives, Deputy PM Hue noted that the BNP Paribas’s consultations focused on the issue of equitization, which is currently of extreme importance to Viet Nam.

He hailed the bank’s recommendations as significant to the Vietnamese government in making and refining policies related to equitization and divestment from SOEs, while expressing his hope that the BNP Paribas would operate more effectively in Viet Nam and stay ready to consult the government, ministries and sectors of Viet Nam in relevant fields.

VGP

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