Deputy Prime Minister Le Minh Khai has signed a decision approving the development strategy of the State Capital Investment Corporation (SCIC) until 2030 with a vision to 2035, as well as the business and investment plan of the firm until 2025, aiming to turn it into a financial investment organisation with the leading equity scale in Vietnam.
To promote the professional corporate bond market, one solution is to focus on widespread public offerings of corporate bonds rather than private placements, said experts.
The State Capital Investment Corporation (SCIC) has set an average annual revenue target of 9.4 trillion VND (391.67 million USD) per year according to its five-year production and business plan.
The State Capital Investment Corporation (SCIC) plans to sell its entire 98.84% stake in its affiliate Thai Nguyen Industrial Zone Infrastructure Development Joint Stock Company (HTTN).
The combined revenue of 17 out of 19 groups and corporations under the Commission for the Management of State Capital at Enterprises was estimated at over 892.16 trillion VND (38.05 billion USD) in the first half of this year, equivalent to 90% of the yearly target and up 27% year-on-year.
The State Capital Investment Corporation (SCIC) announced on January 14 that its pre-tax profit soared over 36 percent in 2020, hitting an estimated 6.58 trillion VND (around 286 million USD).
The State Capital Investment Corporation (SCIC) has declared an estimated pre-tax profit of nearly 6.6 trillion VND (286.3 million USD) in 2020, up 36 percent compared to the target set for the year.
The Board of Directors of the Vietnam Airlines Corporation has appointed Deputy General Director Le Hong Ha to the post of General Director from January 1, 2021.
The Ministry of Industry and Trade (MoIT) late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC).
Prime Minister Nguyen Xuan Phuc has issued Decision 908/QD-TTg approving the list of State-owned enterprises (SOEs) to implement divestment of State capital in 2020, which comprises 120 enterprises.
The State Capital Investment Corporation (SCIC) has targeted disbursing investment of 13-16 trillion VND (561-690 million USD) annually to focus capital on key industries and sectors to promote economic growth.
The State Capital Investment Corporation (SCIC) will sell its 1.14 million shares in the Thanh Hoa Industrial Zone Infrastructure Investment Joint Stock Company (TIIDC) worth more than 1.4 billion VND (59,600 USD).
The State Capital Investment Corporation (SCIC) has sold out its 17.56 million shares at the Civil Engineering Construction Corporation No. 5 (CIENCO 5), gaining over 342 billion VND (14.5 million USD).
Organisations and businesses nationwide have provided financial assistance for Vietnam’s fight against the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19).
The State Capital Investment Corporation (SCIC) will put its entire 36.3 percent stake, or 44.2 million shares, in the Vietnam Vegetable Oils Industry Corporation (Vocarimex) on the Hanoi Stock Exchange on August 15.
The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference in the central province of Nghe An on July 17.
