# Equitisation

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**Equitisation** ([Vietnamese](/source/Vietnamese_language): *Cổ phần hóa*) is a [Vietnamese English](/source/Vietnamese_English) term that denotes the conversion of a [state-owned enterprise](/source/State-owned_enterprise) in Vietnam into a public [(joint stock) company](/source/Joint_stock_company) or a [corporation](/source/Corporation) by dividing ownership into [shares](/source/Shareholder). Equitisation is undertaken to further integrate the Vietnamese economy into the global market and gain access to foreign capital, and therefore often coincides with partial privatization, with the state retaining major or controlling stakes in the equitized firms.

## See also

- [Corporatization](/source/Corporatization)

- [Privatization](/source/Privatization)

- [Nationalization](/source/Nationalization)

- [Socialist-oriented market economy](/source/Socialist-oriented_market_economy)

## References

- [PhD thesis: Equitisation and Stock-Market Development : The Case of Vietnam](https://web.archive.org/web/20090424001947/http://dissertations.ub.rug.nl/FILES/faculties/eco/2006/t.d.loc/05_thesis.pdf) of Truong Dong Loc, July 2006, pdf 1.7mb.

- [Overview of the Capital Markets in Vietnam and Directions for Development](http://siteresources.worldbank.org/INTVIETNAM/Resources/vn_capital_market_strategy_final_may_9_2006.pdf) (World Bank Report May 2006) 1mb pdf, 82 pages

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