CMSC's members post revenue of over 47.8 billion USD in 2022 Business

CMSC's members post revenue of over 47.8 billion USD in 2022

Negative effects of the COVID-19 pandemic and uncertainties in the global markets caused some enterprises under the Commission for the Management of State Capital at Enterprises (CMSC) to see sharp declines in profits this year, with some even posting great losses and reductions in equity.
NA Standing Committee debates use of state capital at enterprises Politics

NA Standing Committee debates use of state capital at enterprises

The National Assembly (NA) Standing Committee looked into the inclusion of the draft Law on Management and Use of State Capital Invested in Production and Business at Enterprises (amended) into the law and ordinance building programme in 2023, during its 14th session in Hanoi on August 11.
Total revenue of groups, corporations hits nearly 900 trillion VND Business

Total revenue of groups, corporations hits nearly 900 trillion VND

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.
AFD provides non-Government guaranteed loan of 80 million EUR for EVN Business

AFD provides non-Government guaranteed loan of 80 million EUR for EVN

The Vietnam Electricity Group (EVN) and the French Development Agency (AFD) on March 28 signed a credit agreement with a non-Government guaranteed loan worth 80 million EUR (87.8 million USD) to implement the southern Vietnam power distribution project invested by EVN’s Southern Power Corporation (EVN SPC).
Equitisation and divestment move slowly Business

Equitisation and divestment move slowly

Although relevant policies have been put in place, the process of equitisation and divestment of State capital is still moving at a very slow pace, according to Dang Quyet Tien, director of the Corporate Finance Department under the Ministry of Finance.
Coal sector sees positive prospect in 2022 Business

Coal sector sees positive prospect in 2022

With many signs of rising demand for coal in various economic sectors in 2022, the Vietnam National Coal – Mineral Industries Group (Vinacomin) will capitalise on advantages and turn challenges into opportunities, said its Chairman of Member Council Le Minh Chuan.