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Vietnam's state enterprise sell-off starts to look like mirage

Investors cry foul as government clings to stakes in key cash generators

The Vietnamese government's plan to sell 54% of brewer Sabeco will still leave it with a 35.6% stake and veto power.   © Reuters

HANOI -- Investors are bemoaning the Vietnamese government's apparent backtracking on plans to sell off 12 major state-owned businesses.

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