1 AIT Asian Institute of Technology

Asset valuation of state-owned enterprises for privatization in Vietnam

AuthorNguyen Hong Nguyen
Call NumberAIT RSPR no. SM-95-31
Subject(s)Privatization--Vietnam
NoteA research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration.
PublisherAsian Institute of Technology
Series StatementResearch studies project report ; no. SM-95-31
AbstractValuation of enterprise properties has been and remains one of the most difficult problems in privatization of state enterprises. This becomes more complicated in countries in transition from the centrally planned to a market-oriented economy like Vietnam. Many asset and business valuation methods that have been recently applied or recommended for Vietnamese enterprises' privatization still lack consistency and do not systematically take into account many aspects of state enterprise divestiture. As the country is preparing to continue the privatization on a large scale, the need for more reliable and rapid valuation process is only increasing. The valuation framework is proposed as an attempt to solve these shortcomings application of which is illustrated in a calculation example. It combines a practical partial equilibrium approach with financial analyses and valuations. The valuation model could be further examined and refined with more relevant data in order to work out an applicable and more reliable framework suitable for the specific conditions of the country. Recommendations made will, hopefully, be of assistance for both agencies and individuals who are involved in the process.
Year1995
Corresponding Series Added EntryAsian Institute of Technology. Research studies project report ; no. SM-95-31
TypeResearch Study Project Report (RSPR)
SchoolSchool of Management (SOM)
DepartmentOther Field of Studies (No Department)
Academic Program/FoSMaster of Business Administration in International Business (Publication code = SM)
Chairperson(s)Gupta, Jyoti P.
Examination Committee(s)Pandey, Indra M.;Khang, Do Ba
Scholarship Donor(s)The Government of France
DegreeResearch Studies Project Report (M.B.A.) - Asian Institute of Technology, 1995


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