Many State-owned enterprises (SOEs) are finding it difficult to seek strategic investors following equitisation and have decided to retain the shares or sell them to the public.
Ho Chi Minh City’s Department of Transport plans to set up three new compressed natural gas (CNG) filling stations to meet refueling demand of CNG buses this year, according to the director of the department’s Public Transportation Management Centre.
Shares declined on August 31 on both national stock exchanges before the National Independence Day Holiday, led by heavyweight stocks.
The Hanoi People’s Court on August 31 announced prison sentences between eight and 28 years for four defendants involved in wrongdoings at the PetroVietnam Petrochemical and Textile Fiber JSC (PVTEX).
Stocks struggled on August 30 morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound.
The Hanoi People’s Court on August 28 opened a trial of four former senior members of the Petrovietnam Petrochemical and Textile Fiber JSC (PVTEX) for the charge of “deliberately violating State regulations on economic management causing serious consequences”.
Vietnamese shares advanced on August 22 despite investors’ profit-taking as overall market sentiment remained positive about the possibility of resolving China-US trade tensions.
Shares on the Ho Chi Minh Stock Exchange (HoSE) slightly increased on August 20 thanks to the strong surge of heavyweight stocks.
The failure of the Power Generation Corporation 3 (Genco 3) to sell its stake through initial public offering (IPO) has raised concerns about the upcoming IPOs of the two other similar companies – Genco 1 and Genco 2 – at the end of this year.
As much as 7.45 trillion VND (320.5 million USD) were collected for the State budget from the initial public offerings (IPOs) of three member companies of the Vietnam Oil and Gas Group (PetroVietnam) in the first six months of 2018.
PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.
Four former senior members of the Petrovietnam Petrochemical and Textile Fiber JSC (PVTEX) will be tried for allegedly violating State regulations on economic management on August 28.
Vietnamese shares fell on August 9 as strong selling pressure weighed down large-cap stocks and listed firms suffered from negative news of the macro-economy.
The Vietnam Oil and Gas Group (PetroVietnam) reported rosy business operation in the first seven months of the year, exceeding its set plan and on the way to achieve annual target, despite considerable risks involved in the global economy.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose 0.63 point to 960.23 points on August 6.
The 1,000 biggest tax payers in Vietnam in 2017 contributed more than 110 trillion VND (4.72 billion USD) to the State budget, accounting for 63 percent of total tax contributions.
Deputy Prime Minister and Foreign Minister Pham Binh Minh had separate meetings with Foreign Ministers Taro Kono of Japan and Mohammad Javad Zarif of Iran on August 2.
A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31.
