Vietnam Tries to Tame Its Corporate Offspring

Vietnam Tries to Tame Its Corporate Offspring

Hoang Dinh Nam/AFP/Getty Images

The entrance of Vietnam National Coal Mineral Industries, or Vinacomin, is seen in Hanoi. Standard & Poor’s cut the company’s credit rating in November, partly because “loss-making” sales to state-owned Vietnam Electricity may grow to 40 percent by 2014, from 25 percent in 2011.