Vietnam said on Monday it has set up a committee to oversee around 5,000 trillion dong ($220 billion) worth of government assets in companies as part of an effort to boost privatisation. Vietnam’s cash-strapped government has brought in a new team of advisers, namely UBS AG Singapore and Saigon Securities, to assist with a state enterprise divestment envisioned as a model for far broader privatization. Foreign investors and bankers who flocked to Vietnam in the past two decades as they sought to cash in on government plans to sell state assets usually left frustrated as what was promised rarely materialized. But now they are finally seeing some modest grounds for optimism.