Vietnamplus

The Japan Bank for International Cooperation (JBIC) is interested in investment plans for energy projects of the Vietnam Electricity (EVN) and Vietnam Oil and Gas Group (PVN), unveiled Kazuhisa Yumikura, Managing Executive Officer and Global Head of Infrastructure and Environment Finance Group at JBIC.

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.

Prime Minister Nguyen Xuan Phuc on July 17 asked the Commission for the Management of State Capital at Enterprises (CMSC) to take more flexible approach to dealing with corporate issues in line with the law.

Up to 80 percent of the 19 State-owned economic groups and corporations under the management of the Committee for Management of State Capital at Enterprises (CMSC) earned profits in the first half of this year, fulfilling more than half of their yearly targets, according to the committee.

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

The Unlisted Public Company Market (UPCoM) has grown over the last 10 years and become more transparent, attracting increased interest from investors.

Enterprise development and the digital economy need to be prioritised in policies, said Deputy Chairman of the Committee for Management of State Capital at Enterprises (CMSC) Ho Sy Hung.

Shortcomings in terms of institutions and laws are the main cause of the sluggish restructuring of State-owned enterprises (SOEs), which may fail to fulfill many important targets by the end of 2020, according to the Central Institute for Economic Management (CIEM).

The Committee for Management of State Capital at Enterprises (CMSC) will oversee the finance of 19 State-owned groups and corporations this year.

The Committee for Management of State Capital at Enterprises (CMSC) will receive a cash dividend of more than 2.55 trillion VND (109 million USD) from the Vietnam National Petroleum Group (Petrolimex) for its performance in 2018.

Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).

Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.

A two-day seminar discussing the role of State-owned enterprise (SOEs) reform in socio-economic development opened in Hanoi on April 17, as part of the Vietnam-Cuba friendly cooperation framework.

The Government has asked ministries, sectors, economic groups and State-owned corporations to take drastic measures to hit targets set for 2019.

The function of the Committee for the Management of State Capital at Enterprises (CMSC) is not trading State capital but to organise and develop State capital, said Deputy Prime Minister Vuong Dinh Hue.

Vietjet’s proposal to expand Dien Bien Airport in the northern mountainous province of Dien Bien has received support from the Ministry of Transport (MoT).

Minister of Transport Nguyen Van The has asked the consultancy agencies of Long Thanh international airport to complete the project’s feasibility study by May 30, so the ministry can consider and verify it before submitting to the Government in early June.

Prime Minister Nguyen Xuan Phuc recently decided to establish the State Council to review the feasibility report for the first stage of the Long Thanh international airport construction project.

About 7.42 million shares of four companies invested with State capital will be auctioned at the Hanoi Stock Exchange (HNX) this March.

Prime Minister Nguyen Xuan Phuc chaired a working session with ministries and agencies in Hanoi on February 19 to discuss the acceleration of rice purchase as a way to improve income for farmers.