With the Vietnamese government allowing overseas investors to fully own local businesses in many industries, securities companies are seen leading the trend. The new policy took effect from September 1, 2015. Also, more private investors, both individuals and organisations, are seen showing interest in state-owned firms, including the Vietnam National Textile and Garment Group, which conducted an initial public offer (IPO) last year. Meanwhile, an Asian Development Bank report says small and medium enterprises in the region need access to growth capital to be globally competitive.
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