Vietnam PM says need for speed in sluggish privatisation drive

April 1, 2015 8:58 AM

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HANOI, April 1 (Reuters) - Vietnam needs to quicken the privatisation of state-owned enterprises (SOEs) as well as divestment from non-core businesses to raise capital and boost performance, the country's prime minister said on Wednesday.

Nguyen Tan Dung made the call after just 29 SOEs completed privatisation in the first quarter among the 289 targeted to undergo the process in 2015, dealing another setback to the government's reform plans for the $184 billion economy.

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