Politburo issues disciplinary warning against former Deputy PM Politics

Politburo issues disciplinary warning against former Deputy PM

The Political Bureau of the Communist Party of Vietnam Central Committee on July 19 decided to issue a disciplinary warning against Vu Van Ninh, former member of both Party Central Committee and Government’s Party Civil Affairs Committee and former Deputy Prime Minister.
Power prices should have been increased more: MoIT Business

Power prices should have been increased more: MoIT

Electricity retail prices should have been raised by 9.26 percent instead of 8.36 percent if Vietnam Electricity (EVN) had correctly calculated the 3.26 trillion VND foreign exchange rate difference in 2018 into its power production costs.
SOE equitisation, divestment fall short of target: Ministry Business

SOE equitisation, divestment fall short of target: Ministry

Only 11 State-owned enterprises (SOEs) were equitised in the first nine months of this year, making the country’s target to complete the equitisation of at least 85 SOEs this year unlikely to reach, according to an official from the Ministry of Finance (MoF).
Viettel, SCIC to sell all stakes in Vinaconex JSC Business

Viettel, SCIC to sell all stakes in Vinaconex JSC

Telecom giant Viettel and the State Capital Investment Corporation(SCIC) will auction off all their stakes in the Vietnam Construction and Import-Export JSC (Vinaconex), according to the Hanoi Stock Exchange (HNX).
Relaxation of foreign ownership cap helps VN market raise status Business

Relaxation of foreign ownership cap helps VN market raise status

The new amended draft law on securities allowing full foreign ownership at public companies and investment funds would help Vietnam’s securities market be included in the Morgan Stanley Capital International (MSCI)’s review list for a potential reclassification to Emerging Markets status.
SOE equitisation needs faster pace Business

SOE equitisation needs faster pace

The Ministry of Finance (MoF) has urged some State-owned enterprises (SOEs) to hasten their equitisation and divestment plans, as progress remains slow and might fail to meet their deadlines this year.
Limit scrapped for foreign ownership in PVFCCo Business

Limit scrapped for foreign ownership in PVFCCo

Foreign investors can now acquire more than 49 percent of shares, the previous limit on foreign ownership, in PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), the operator of Phu My fertilizer plant.