State earns 196 million USD from IPOs in 10 months hinh anh 1Illustrative image (Source: VNA)

Hanoi (VNA) - The State has earned 4.4 trillion VND (196 million USD) from selling its capital in 51 initial public offerings (IPOs) during the first 10 months of this year, the Hanoi Stock Exchange (HNX) reported on November 2.

The HNX also said that the State successfully sold all of the shares offered in 33 IPOs or 64.7 percent of the 51 IPOs, and earned the highest revenue from selling all of its 33.88 million shares in service provider Thang Long GTC One-member Company Limited, which sold for 363 billion VND (16.4 million USD).

The State also received large revenue from selling entire stakes in IPOs of other state-owned enterprises (SOEs), including 116.8 billion VND (5.2 million USD) from the Central Transport Hospital, 119 billion VND (5.3 million USD) from the Vietnam National Tea Corporation Limited, and 278 billion VND (12.35 million USD) from the Vietnam National Vegetable, Fruit and Agricultural Product Corporation Ltd.

Among these government-funded units, the Central Transport Hospital was the first government-funded hospital that transformed into a joint-stock business unit.

In addition, the State also received 767.4 billion VND (34 million USD) in the first 10 months of this year from selling more stakes in 19 SOEs that had been privatised before such as Da Nang Port JSCompany, the Sugarcane and Sugar Corporation No.1 JSC and Vietnam Intimex Joint Stock Company.-VNA