Vietnam looking to cash in with IPO spree

Vietnam is bracing itself for an onslaught of IPOs after the government announced it will require all of the country’s banks and a large portion of state-owned enterprises to go public by the end of the quarter. That has led to concerns of oversupply for one of southeast Asia’s smallest ECM markets, but others are saying that such fears are premature as the IPOs might not even materialise, write Clare Hammond and Rev Hui.