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Vietnam's IPO market dries up with no new listings in 2019

Tumbling stocks and better alternatives keep companies away, analysts say

An investor in Hanoi: The VN-Index has struggled to gain momentum in 2019.   © Reuters

HANOI -- The IPO market in Vietnam has been staring at a rather unusual drought this year.

No private company has hit the bourse in 2019, while last year Vietnam recorded one of the busiest IPO seasons in Southeast Asia, clocking as many five IPOs -- all sealed between January and September -- when companies raised a total of $2.6 billion, per EY's Global IPO Trends report released in December 2018.

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