The Ministry of Construction recently approved a plan to divest all State capital at Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).
Military-run telecom giant Viettel plans to divest a 6 percent stake in its affiliate Viettel Post Joint Stock Corporation (VTP) via a public auction at the Hanoi Stock Exchange in November.
PetroVietnam GAS Corporation JSC (PV GAS), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), raked in over 6 trillion VND (over 259 million USD) of post-tax profit in the first nine months of the year, exceeding the target set for the period by 27 percent.
As the Government is focusing on accelerating the privatisation and divestment of State-owned enterprises (SOEs), attracting foreign investment is important to the success of the progress, according to the Committee for Management of State Capital at Enterprises (CMSC).
The Vietnam Rubber Group JSC (VRG) plans to invest in tyre and tube production via mergers and acquisitions (M&As) over affiliate companies of the Vietnam Chemical Group (Vinachem).
Despite numerous efforts of the Government in speeding up the equitisation of State-owned enterprises, some ministries, sectors, localities and economic groups have showed ineffective performance in the work, thus slowing down the progress of the scheme.
Deputy Prime Minister Truong Hoa Binh has urged the Vietnam Oil and Gas Group (PetroVietnam) to enhance its capacity in petroleum exploration and exploitation to develop the marine economy in the new context.
Former Deputy Minister of Transport Nguyen Hong Truong has been charged with violating provisions on the management and use of State assets that causes losses and wastefulness.
Deputy Prime Minister Truong Hoa Binh chaired a meeting on August 10 to review draft decrees that amend and supplement a number of Government decrees on equitising State-owned enterprises (SOEs) and divesting State capital from businesses.
Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.
The steering committee for the restructuring of credit organisations held a meeting in Hanoi on July 27 under the chair of Prime Minister Nguyen Xuan Phuc.
In a recent interview granted to Vietnam News Agency correspondent in Singapore, Dr. Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), expressed his impressions on Vietnam’s economic achievements and contributions to the Association of Southeast Asian Nations (ASEAN) since the country joined the bloc 25 years ago.
The Ministry of Public Security’s Police Investigation Authority completed its investigation relating to the land plot at 2-4-6 Hai Ba Trung Street in HCM City on July 13 and transferred the case to the Supreme People’s Procuracy.
Ho Chi Minh City witnessed a sharp fall in the State budget revenue but a surge in spending during the first half of 2020 due to COVID-19 impact, according to the municipal Statistics Office.
Prime Minister Nguyen Xuan Phuc has issued Decision 908/QD-TTg approving the list of State-owned enterprises (SOEs) to implement divestment of State capital in 2020, which comprises 120 enterprises.
The Vietnam National Petroleum Group (Petrolimex) plans to sell 15 million treasury stocks in transactions held between June 16 and July 15 to mobilise capital for investment in 2020, announced chairman Pham Van Thanh at Petrolimex’s recent annual general meeting of shareholders.
The Vietnam National Textile and Garment Group (Vinatex), stock code VGT, predicts its consolidated profit before tax this year to fall by half to 382 billion VND (16.5 million USD) year on year due to the negative impacts of the COVID-19 pandemic.
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