Vietnamplus

Deputy Minister of Agriculture and Rural Development Ha Cong Tuan has instructed accelerating the equitisation of State-owned enterprises (SOEs) in which the ministry is the representative of the State ownership.

Given the stock market’s recent lethargy, the State Capital Investment Corporation (SCIC) is assessing market demand to consider choosing the most efficient capital divestment options at State-owned enterprises (SOEs).

Lawmakers stressed the need to clearly define State management and corporate governance in businesses during the ongoing fifth session of the 14th-tenure National Assembly on May 28.

The Ministry of Transport has asked the representative of State stake in Vietnam Airlines to draft plans to reduce State ownership to 51 percent of the national flag carrier’s charter capital in 2019.

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.

Military-run telecommunications group Viettel was officially renamed Viettel Military Industry and Telecoms Group and recognised as the national defence and security enterprise with 100 percent State-owned capital.

The government has geared up for the divestment of State-owned capital from many large State-owned enterprises (SOEs) this year, according to the Ministry of Finance.

The Power Generation Corporation 3 (Genco 3) will put more than 267 million shares, accounting for 12.8 percent of its charter capital, up for sale in its IPO in February 2018.

Vietnam Airlines plans to reduce State ownership to 51 percent of the charter capital in the next three years.

Equitisation of State owned enterprises has progressed well in 2011-2016 and the first eight months of 2017 thanks to various ministries and sectors, economic groups and localities getting onboard.

Seven State-owned enterprises’ (SOEs) equitisation plans were approved in July, bringing the total number for the first seven months of 2017 to 26.

Seven State-owned enterprises (SOEs) had their equitisation plans approved in July, bringing the number for the first seven months of this year to 26.

The PM has given the green light to the equitisation plan for Song Da Corporation in the form of selling parts of state-owned capital and issuing shares to increase charter capital to 4.5 trillion VND.

The Vietnam Glass and Ceramics for Construction Corporation (Viglacera) will put up shares for sale in Singapore on May 9 as part of the company’s plan to sell 120 million shares in its initial public offering (IPO).

The Vietnam Glass and Ceramics for Construction Corporation (Viglacera) said it will ensure supplies and aims to earn one billion USD in revenue from 2017 – 2020.

Four major corporations under the Ministry of Construction, will be equitised in 2017 under Deputy Prime Minister Vuong Dinh Hue’s instruction.

The reshuffle and reform of State-owned enterprises (SOEs) must be considered the most important task of 2017, underscored Prime Minister Nguyen Xuan Phuc at a national conference on December 6.

The Ministry of Industry and Trade (MoIT) issued a decision to establish a steering committee for the sale of shares of two leading brewery companies.

Besides the government's important role in creating a favorable, transparent business climate, local companies should be more active and creative in preparing for more intensive global integration.