SCIC to auction 3.33 percent of Vinamilk stake next month Business

SCIC to auction 3.33 percent of Vinamilk stake next month

Vietnam’s sovereign fund State Capital Investment Corporation (SCIC) will sell 3.33 percent of the State’s capital in the Vietnam Dairy Products Joint Stock Company (Vinamilk) on November 10 this year, the SCIC announced on October 16.
Vietnamese firms told to improve oversight of RPTs Business

Vietnamese firms told to improve oversight of RPTs

Vietnamese public companies, especially listed ones, should have clear policies and procedures governing related party transactions (RPTs) and an effective oversight mechanism that complies with the laws and follows best international practices.
 HCM Stock Exchange warns TTF could be delisted Business

HCM Stock Exchange warns TTF could be delisted

The Ho Chi Minh Stock Exchange has warned that shares of Truong Thanh Furniture Corporation (HOSE: TTF) could be delisted as its accumulated losses might have exceeded the company’s charter capital.
Techcombank wants no foreign ownership Business

Techcombank wants no foreign ownership

The Vietnam Technological and Commercial Joint Stock Bank has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership.
New payment mode for G-bonds launched Business

New payment mode for G-bonds launched

The new payment mode for transactions of Government bonds through the State Bank of Vietnam (SBV) instead of through a commercial bank was launched in Hanoi on August 1.
Government to punish recalcitrant SOEs Business

Government to punish recalcitrant SOEs

Leaders of qualified State-owned enterprises (SOEs) will face demotions, salary cuts, fines and even criminal charges if they fail or delay listing on the Unlisted Public Company Market (UPCoM).