Tags

non-core

VRG sells hydropower shares for VND1.4 trillion

VRG sells hydropower shares for VND1.4 trillion

Vietnam Rubber Group (VRG) sold one lot of 110.8 million shares from five hyower companies for over VND1.4 trillion (US$62.6 million), aimed at divesting from its non-core subsidiaries.
PVN divests over VND1 trillion of non-core capital

PVN divests over VND1 trillion of non-core capital

The Vietnam Oil and Gas Group, or PetroVietnam (PVN), has set a target to divest some VND4 trillion (US$187.7 million) from its non-core capital this year.
VN Steel Corp to withdraw from non-core sectors

VN Steel Corp to withdraw from non-core sectors

The Viet Nam Steel Corporation plans to withdraw capital from non-core businesses as part of an approved restructuring plan, according to a corporation official.
State-owned firms divest from non-core businesses

State-owned firms divest from non-core businesses

State-owned enterprises (SOEs) have divested nearly VND2.3 trillion (US$108 million) from non-core businesses in the first nine months of 2014, the Ministry of Finance has revealed.
SOEs slow to withdraw from non-core businesses

SOEs slow to withdraw from non-core businesses

For the last three years, most State-owned enterprises (SOEs) have had stable operations with acceptable profits, but capital withdrawal from their non-core businesses contiues to be sluggish.
SOEs stakes may be sold at discount rates

SOEs stakes may be sold at discount rates

A draft regulation about allowing State-owned enterprises (SOEs) to sell stakes in non-core businesses at below the face value would be presented to the Prime Minister for approval.
SCIC to promote divestment at SOEs

SCIC to promote divestment at SOEs

The State Capital Investment Corporation (SCIC) will boost the process of divestment of non-core businesses at several state-owned enterprises (SOEs) this year.
Firms told ‘stick to what you know

Firms told ‘stick to what you know'

Enterprises should focus on core businesses instead of investing in non-core sectors as Vietnamese firms seemed to be too young to participate in the multi-sector playground, said Dominic Scriven, Dragon Capital Managing Director.
SOE divestments hit snags

SOE divestments hit snags

Several State-owned enterprises (SOEs) are facing difficulties withdrawing their investment from non-core businesses, even though this September is the deadline for them to do so.
EVN pulls the plug on non-essential business operations

EVN pulls the plug on non-essential business operations

Electricity of Viet Nam (EVN) is withdrawing its capital from several non-core businesses, especially in banking and real estate sectors, it said in a report released yesterday.