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Asia300

Hanoi debuting scandal-plagued SOEs with executives in court

PetroVietnam aims to raise $573m from stock market, three former chairmen face prison

PV Oil is one of three PetroVietnam units going for IPO this month.

HO CHI MINH CITY -- Vietnam National Oil and Gas Group (PetroVietnam or PVN) is sending three subsidiaries to market this month with initial public offerings (IPOs) that coincide with corruption trials involving former senior officials.

The hearings began on Monday, and among the defendants is a businessman Vietnam has been accused by Germany of abducting from a Berlin park.

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