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The fact that nearly 35,000 enterprises have now withdrawn from the market three months after the COVID-19 outbreak first appeared in Vietnam reveals the huge impact it has had on business and production.
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than 3.7 trillion VND (160 million USD) in the first quarter of this year due to the impacts of the COVID-19 pandemic.
Loss-making projects that are unable to revive must be dissolved, Permanent Deputy Prime Minister Truong Hoa Binh said at the 9th meeting of the steering committee for dealing with some poor-performing projects and businesses of the industry and trade sector held in Hanoi on April 3.
Boosting the disbursement of all planned public investment would help increase this year’s gross domestic product (GDP) by 0.42 percentage points, according to the General Statistics Office (GSO).
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).
Organisations and businesses nationwide have provided financial assistance for Vietnam’s fight against the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19).
The Commission for the Management of State Capital at Enterprises (CMSC) must continue to support managers of 12 struggling mega-projects under the Ministry of Trade and Industry with the State’s capital investment, heard a conference in Hanoi on March 19.
The Vietnam Rubber Group - JSC (VRG) on March 17 moved 4 billion shares coded GVR listed on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE).
The profit of Vietnam Airlines Corporation will be strongly affected by the spread of COVID-19 in countries around the world, according to the preliminary report of the Committee for Management of State Capital at Enterprises (CMSC).
Regulatory overlapping was the biggest problem at State-owned enterprises (SOEs) since they were handed over to the Commission for the Management of State Capital at Enterprises, officials have said.
The Vietnam Rubber Group JSC (GVR) will move four billion of its shares listing on the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE).
Vietnam could cease to have an operating train system in less than two weeks unless a funding issue at the Vietnam Railways Corporation (VNR) is resolved, an official has said.
The Ministry of Industry and Trade has requested state-owned coal and oil-gas producers to develop plans and measures to response to impact of the acute respiratory disease caused by a new coronavirus (COVID-19) outbreak.
Prime Minister Nguyen Xuan Phuc has requested for an analysis on a proposal to move Vietnam Railways (VNR) under the umbrella of the Ministry of Transport following legal confusion that left the corporation with no budget for railway maintenance.
The Construction Ministry will divest the remaining State capital in ceramic and tile producer Viglacera Corporation this year, said head of the ministry’s Enterprises Management Department Dao Minh Thanh.
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