The Vietnamese state sold shares in the Vinh Son-Song Hinh Hydroelectric Power Plant for US$29.5M at an auction at the Hanoi Securities Trading Centre yesterday, according to the Vietnamese News Agency. This was a higher sum than expected.
A total of 215 investors bought the plant’s shares. As a result, 35% of the plant is owned by private investors, 60% by the state and 5% by the plant’s employees. The Vinh Son-Song Hinh hydroelectric plant is located near the town of Qui Nhon in Binh Dinh province.
State-owned shares in the Thac Ba hydroelectric power plant will be auctioned by the end of this year.