This study examines the post equitization performance of SOEs, equitized from 1998-2005 in
Vietnam. The study aims to add to the body of literature by studying the relationship between
ownership structure and corporate performance in privatized firms, based on Vietnam’s
experience in privatization. The study’s results showed that private ownership has a positive
impact on firm performance. Contrary to private ownership, state ownership has a negative
impact on firm performance. Thess findings are consistent with the findings of most previous
privatization studies.