Plan revised for hospital equitisation Business

Plan revised for hospital equitisation

Deputy Prime Minister Vu Van Ninh has directed the Transport Ministry to make alterations to a plan to equitise Giao Thong (Transport) Hospital before seeking the Prime Minister's approval.
Vinacomin pockets 71million USD from divestments Business

Vinacomin pockets 71million USD from divestments

The Vietnam National Coal and Mineral Industries Holding Corporation (Vinacomin) has gained 1.5 trillionVND (71.4 million USD) from the completion of its divestment of five companies in its non-core businesses.
Business

PM approves Vinacomin capital sale to VPBank

Prime Minister Nguyen Tan Dung has approved in principles to allow the Vietnam National Coal and Minerals Industries Group (Vinacomin) to sell all of its charter capital at Vinacomin Finance Company (CMF) to Vietnam Prosperity Bank (VPBank).
Business

State firms get ultimatum

The Government on July 9 officially promulgated a resolution asking State-owned groups and corporations to complete a capital withdrawal from non-core investments by 2015.
Business

State to step up auditing

The State Audit of Vietnam has proposed to focus on auditing activities in 34 provinces and cities next year, an increase of two compared to the number that were audited in 2010.
Business

SCIC to sell capital in 90 State-owned enterprises

The State Capital Investment Corporation (SCIC), the representative of state-owned capital at state-owned enterprises, expects by the end of this year to sell capital at 90 state-owned enterprises, the corporation said.
Business

Vietinbank allowed to increase charter capital

The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has been allowed to increase its charter capital to 15.172 trillion VND (799.789 million USD) from 11.252 trillion VND in the first phase of 2010, following approval from State Bank of Vietnam (SVB).
Business

Vietcombank lowers this-year profit target

Vietcombank shareholders on April 19 approved a lower profit target for the year, cutting the bank’s estimated take this year by 10 percent from earlier forecasts to 4.5 trillion VND (236.84 million USD).
Business

HCM City launches own investment fund

HCM City on March 16 officially inaugurated its own finance and investment company, aiming to enhance the city’s State-owned capital management and investment effectiveness.
Sixth NA session concludes successfully Politics

Sixth NA session concludes successfully

Results achieved at the freshly-ended sixth session of the 12th National Assembly (NA) are expected to spur Vietnam’s socio-economic development and improve the quality and efficiency of the NA’s operations.