Vietnamplus

In 2022, the State Capital Investment Corporation (SCIC) is expected to divest from 101 member companies.

The State Capital Investment Corporation (SCIC) plans to invest 8 trillion VND (approximately 345.6 million USD) in Vietnam Airlines JSC (HVN). The amount is equal to 25 percent of HVN’s charter capital.

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 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) 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).

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.

The State Capital Investment Corporation (SCIC) plans to sell State capital at 108 businesses including many big ones this year.

The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target.

Over 40 percent of the charter capital of the Infrastructure Development and Construction Corporation (LICOGI) was transferred from the Ministry of Construction to the State Capital Investment Corporation (SCIC) on December 26.

The State Capital Investment Corporation (SCIC) was transferred from the Ministry of Finance to the Committee for Management of State Capital at Enterprises (CMSC) on November 12.

Telecom giant Viettel and the State Capital Investment Corporation(SCIC) will auction off all their stakes in the Vietnam Construction and Import-Export JSC (Vinaconex), according to the Hanoi Stock Exchange (HNX).

The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of 5.4 trillion VND (237.8 million USD), a 17 percent year-on-year decrease.

The ownership of 21 large State-owned groups and corporations is likely to be transferred from ministries and sectors to the Committee on State capital management at enterprises.

The State Capital Investment Corporation (SCIC) plans to sell nearly 30 percent of its stake in Binh Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.

State Capital Investment Corporation (SCIC) expects to make a pre-tax profit of 6.6 trillion VND (290.5 million USD) in 2017, posting a 33 percent year-on-year increase.

Deputy Prime Minister Vuong Dinh Hue has approved a restructuring plan for the State Capital Investment Corporation (SCIC) by 2020.

The State Capital Investment Corporation (SCIC) has confirmed it will continue its scheduled competitive share offerings in four companies in the latter half of this month.

Tien Phong Plastic Joint Stock Company (Tien Phong Plastic) may allow total foreign ownership of its capital instead of the current 49 percent.