HANOI (Reuters) — Vietnam National Textile and Garment Group (Vinatex), the country’s top textile manufacturer, said on Monday it will delay for two months its initial public offering originally scheduled for next week to give investors more time to assess the company's performance.

The decision was made after Hanoi-based Vinatex held two roadshows this month, the state-run company said in a statement, adding the delay has been approved by the government.

The IPO was initially set for July 22. It is widely seen as one of the more attractive in the communist country, where the government is reforming a largely inefficient state sector that accounts for about half of the country's debt.

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