The Saigon Leather and Footwear Company (Sagoda) in Ho Chi Minh City in southern Vietnam is to be transformed into a shareholders company.
Foreign investors will own up to 20% of the company’s capital of 13 billion dong (US$1 = 17,000 dong), according to the Vietnam News Agency.
The state will own 15% of the company’s shares and Sagoda’s employees, 65%.
