Vietnamplus

Deputy Prime Minister Vuong Dinh Hue has approved an equitisation plan of the Vietnam Rubber Group (VRG).

The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from Sabeco and Vinamilk.

Proceeds from the sale of State capital at Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and other State-owned enterprises will be used for the right purposes as approved by the National Assembly.

The Vietnam Posts and Telecommunications Group (VNPT) wants to sell all the assets of its finance subsidiary Post and Telecommunication Finance Company Limited (PTF) for at least 500 billion VND.

Prime Minister Nguyen Xuan Phuc lauded effective cooperation between Japanese and Vietnamese businesses while receiving Special Advisor to the Japanese Cabinet Isao Iijima in Hanoi on December 23.

Transparency in the equitisation of State-owned enterprises (SOEs) must be enhanced to attract foreign strategic investment in the process, experts said.

The state-owned Song Da Corporation will offer 219 million shares at its initial public offering (IPO) scheduled on December 25.

Binh Son Refining and Petrochemical Co Ltd (BSR), the operator of Dung Quat Refinery, will conduct Vietnam’s biggest-ever initial public offering (IPO) on January 17 next year.

Prime Minister Nguyen Xuan Phuc made it clear that Hong Kong is an important partner and market of Vietnam at a reception for Shen Tian Qing, Chairman of Jia Yuan group of Hong Kong (China).

Deputy Prime Minister Vuong Dinh Hue called for speeding up the equitisation of State-owned enterprises (SOEs) at a recent meeting of the Steering Committee for Business Renovation and Development.

State-owned enterprises (SOE) can apply the book building method at their initial public offering (IPO) from the beginning of 2018, according to a recently issued decree. ​

Ministries have approved the restructuring plans of additional state-owned enterprises, with the latest including Mobifone and the Vietnam Post Corporation, in line with the Government’s SOE restructuring action plan.

The stock market will feature a series of initial public offerings (IPOs) by State-owned enterprises (SoEs), including mega corporations, this year-end.

The Investment and Industrial Development Corporation (Becamex IDC) will float over 311.2 million shares, equivalent to 23.63 percent of its charter capital, in its initial public offering (IPO) on De

The Central Institute for Economic Management released a report on October 30 on the actuality of strategic shareholders’ involvement in SoEs equitisation process.

The Vietnam Rubber Group (VRG) has targeted annual sales of 40 trillion VND (1.76 billion USD) after equitisation.

A thorough audit of all State-owned agricultural businesses will be carried out in 2019 following next year’s concentrated restructuring efforts, so as to identify underperforming firms and other issues facing the sector.

Vietnam expects the US to accelerate the ratification of an agreement on double taxation avoidance and facilitate negotiations for a governmental agreement on cooperation and assistance between customs agencies, said a high-ranking official.

The functions and operations of the Vietnam Debt and Asset Trading Corporation (DATC) should be restructured to deal with the “next phase” of handling non-performing loans (NPLs), the Finance Ministry (MoF) said.

The central province of Thua Thien-Hue is now home to over 6,500 enterprises, which play a significant role in manufacturing, job creation, and local budget collection, according to Chairman of the provincial Business Association Duong Tuan Anh.