Why doesn’t Vietnam have large businesses?
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. Sources said that Vietnam’s largest information technology group, together with a consultant, is taking necessary steps to sell one of its most important subsidiaries. The partners interested in the company are all foreign entities. The deal, when wrapped up, will add one more item to the list of the Vietnamese enterprises sold to foreign investors.
