HANOI: The Vietnamese government raised 6.997 trillion dong (US$308.1mil) from selling 20% of state electricity firm PetroVietnam Power (PV Power) at its initial public offering (IPO) yesterday, exchange data showed.
The proceeds slightly exceeded the government’s target of raising US$297mil from the sale, which is part of a plan to privatise hundreds of state-owned enterprises to boost their performances and ease budget pressure.
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