Vietnamplus

The Electricity of Vietnam (EVN) sold over 58 billion kWh of electricity in the first four months of 2018, representing a year-on-year rise of 10.59 percent.

Shareholders of Vietnam Airlines will gather at the annual general meeting in Hanoi on May 10, the third one since the company completed equitisation in 2015, to discuss a series of important issues including the modification of the internal management regulations.

The State-owned Vietnam Oil and Gas Group (PetroVietnam or PVN) has drafted a plan for a comprehensive restructuring until 2025, under which it will continue with large-scale divestment from all of its member corporations and companies.

The Ministry of Transport expects to collect at least 2.235 trillion VND (98.45 million USD) from the sale of more than 371.53 million rights to buy preference stakes in the Vietnam Airlines Corporation.

As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs).

Finance Minister Dinh Tien Dung will chair an investment promotion conference slated for April 16-19 in Seoul, the Republic of Korea (RoK).

The Government raised more than 1.39 trillion VND (61.5 million USD) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance.

The Ministry of Transport (MoT) will transfer its rights to purchase shares additionally issued by the Vietnam Airlines Corporation through auction at the Hanoi Stock Exchange.

The Vietnam National Chemical Group (Vinachem) has announced its equitisation and divestment plans for its member companies in 2018.

Vietnamese Ambassador to the UK Tran Ngoc An and representatives from the Ho Chi Minh Stock Exchange and Vietnamese businesses on March 7 attended the opening session of the London Stock Exchange, one of the largest stock markets in the world.

After a long period of hesitation, the Vietnam National Coffee Corporation (Vinacafe) is being pushed towards equitisation once more by the Ministry of Agricultural and Rural Development (MARD).

Although the VN-Index didn’t hit the short-term target of 1,130 points last week as expected, it has nevertheless maintained its upward trend and is forecast to open next week’s session with positive status.

The Government and the State Securities Commission plan to carry out key measures to develop the stock market in a rapid and effective but safe manner, Minister of Finance Dinh Tien Dung has said.

Deputy Prime Minister Vuong Dinh Hue has urged ministries, agencies and localities to promptly fulfill assigned tasks regarding equitisation and divestment in State-owned enterprises (SOEs).

The equitisation of the Vietnam Post and Telecommunications Group (VNPT) in 2018 was discussed at a meeting of the Ministry of Information and Communications in Hanoi on January 23.

The Government needs to enlarge the scale of the market and lure more State-owned enterprises to list shares through speeding up their equitisation, according to Luu Trung Thai, Vice Chairman of Military Bank.

The list of top 500 largest Vietnamese enterprises (VNR500) was announced in Hanoi on January 19, with the number of private companies in the list rising by 2.5 times in 2017 since the rankings were first made 10 years ago.

The committee for state capital management at enterprises must be set up in the first quarter of 2018 so as to affirm its legal status, Deputy Prime Minister Vuong Dinh Hue has said.

The PetroVietnam Power Corporation (PV Power), a subsidiary of the Vietnam National Oil and Gas Group (PetroVietnam), will offer 20 percent of its shares in an initial public offering (IPO) on January 31.

Deputy Prime Minister Vuong Dinh Hue has signed Decision No.16 approving the restructuring plan of the Vietnam National Chemical Group (Vinachem).