Vietnam also has its version of the over-the-counter market, which specializes in listings of once-state-owned companies that have recently been privatized.

FORBES: Red Shares

Once state-owned, the French insurance giant had been privatized in 1994.

FORBES: AXA aims at AIG

But four years later only one airport has been fully privatized: Stewart International in New Windsor, N.

FORBES: Grounded

Though privatized a decade ago, the two main rail companies have been at an impasse on how to hand off railcars to one another.

FORBES: Companies, People

"Apart from the usual assurances on job security, the only promise the 80, 000 strikers have been able to extract from the state government is that distribution will not be privatized in the next 12 months, " the story said.

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