The Ministry of Industry and Trade (MoIT) late last week transferred the State ownership in Saigon Beer Alcohol Beverage Corp (Sabeco) to the State Capital Investment Corporation (SCIC).
Dragged by the impact of the COVID-19 pandemic, the national carrier Vietnam Airlines is seeking measures to ease pressure on its cash liquidity.
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 State Capital Investment Corporation (SCIC) has targeted disbursing investment of VND13-16 trillion (US$561-690 million) annually to focus capital on key industries and sectors to promote economic growth.
Ministries are working to convince Prime Minister Nguyen Xuan Phuc to amend divestment plans at some large State-owned enterprises (SOEs).
The State Capital Management Corporation (SCIC) has reported over 3.05 trillion VND (131.15 million USD) in revenue in the first half of this year, a rise of 762 billion VND over the same period last year.
The State Capital Investment Corporation (SCIC) successfully sold capital in 999 enterprises as of June 30, said Deputy General Director Le Song Lai during a conference in the central province of Nghe An on July 17.
VOV.VN - According to a plan approved by the Prime Minister, Vietnam must equitize 127 state-owned enterprises (SOE) during the 2017-2020 period. But to date, less than one third of the enterprises have been equitized. The question now is what to do to complete the plan on time?
Taking into account the potential sale of 108 SOEs in the list, SCIC’s revenue in 2019 could reach VND21.6 trillion (US$934.55 million).
The Ministry of Industry and Trade (MoIT) will transfer State capital ownership representative rights in five enterprises to the State Capital Investment Corporation (SCIC) in the first quarter of this year.
The following are the top 10 outstanding events for Vietnam’s stock market in 2018 as selected by the Securities Journalists Club.
The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target.
Over 40% of the charter capital of the Infrastructure Development and Construction Corporation (LICOGI) was transferred from the Ministry of Construction to the State Capital Investment Corporation (SCIC) on December 26.
The State Capital Investment Corporation (SCIC) sold its complete ownership in the Vietnam Construction and Import-Export JSC (Vinaconex) for VND7.36 trillion (US$327.4 million) on November 22.
The State Capital Investment Corporation (SCIC) was transferred from the Ministry of Finance to the Committee for Management of State Capital at Enterprises (CMSC) on November 12.
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).
The establishment of the Committee for Management of State Capital (CMSC) aims to improve accountability for the use and management of State capital in business operations, thereby preventing loss and wastefulness, Deputy Minister of Planning and Investment Le Quang Manh told a press conference in Hanoi on October 1.
The State Audit has shown strong performance in auditing the restructuring of State-owned enterprises (SOE) since it involved in the work in 2011, with better results through years, contributing to making the national financial sector healthier.
Singapore’s largest automotive group, Jardine Cycle & Carriage Limited Company (JC&C), announced plans to take up the competition with F&N Dairy Investment Pte., Ltd. for a stake in Vietnam Dairy Products JSC (Vinamilk) by registering to buy an additional 14.5 million shares through its Platinum Victory Pte., Ltd. investment fund.
The State Capital Investment Corporation (SCIC) said it would offload capital in 121 businesses in 2018 with a view to making after-tax profit of VND5.4 trillion (US$237.8 million), a 17% year-on-year decrease.