Cellular News notes that Vietnamese CDMA operator EVN Telecom says it is proceeding with plans for a stock market floatation this coming September. EVN Telecom Deputy Director Vo Quang Lam said the company will maintain the government’s stake in the company and sell shares to strategic investors, staff and outside investors. The company expects to sell 19 percent of its shares to the public via the floatation, with 30 percent going to a strategic investor. The 30 percent stake matches a foreign ownership limit recently imposed by the government. The government will retain its controlling 51 percent stake. EVN has been valued at around US$500 million.