The Ha Noi stock exchange (HNX) successfully sold shares from the
State-owned enterprises'' divestment, worth more than VND1.5 trillion
(US$67.9 million), in January.
The Management Board of the Viet Nam Motor Industry Corporation Joint
Stock Company (Vinamotor) appointed Nguyen Hai Trung as the new general
director of the company on February 2.
The transport ministry (MoT) sold 85.58 million, or 97.7 per cent, of
the shares of the Viet Nam Motors Industry Corporation (Vinamotor) at a
Ha Noi Stock Exchange auction today.
Ha Noi Stock Exchange has announced it will host the auction of
State-owned shares in a lot for Vietnam Motors Industry Corporation
(Vinamotor) on January 11, 2016.
Many mergers and acquisitions (M&A) opportunities are likely to open up for both local and foreign investors when the transport ministry sells its stakes in many corporations during the rest of this year.
Multiple companies have offered to buy the entire State-owned capital of
Vietnam Motors Industry Corporation (Vinamotor), comprising 85.58
million shares, or 97.7 per cent of its registered capital.
The Vietnam Motors Industry Corporation (Vinamotor) reported a
substantial increase in 2014 profits, which surged nearly 600 per cent
higher than the set target.
Sacom Investment and Development Joint Stock Company (Sacom) is planning to take over the Vietnam Motors Industry Corporation (Vinamotor), said a
report on the website baodautu.vn.
Eight automobile and mechanical firms plan to set up a "automobile board" in order to protect domestic producers in anticipation of 2015 tax cuts on imported vehicles.
The 10th Saigon International Autotech and Accessories show
(Saigon Autotech and Accessories) opened on May 29 in HCM City with
nearly 300 local and foreign firms taking part.
The Vietnam Motors Industry Corporation (Vinamotor) will launch its
initial public offering (IPO) at the Ha Noi Stock Exchange on March 27
this year, according to the news website ttvn.vn.
Prime Minister Nguyen Tan Dung has approved the equitisation plan of the
Vietnam Motors Industry Corporation (Vinamotor), which has a charter
capital of VND1 trillion (US$47.6 million).
The Viet Nam Motor Industry Corporation (Vinamotor) received a license
to invest in manufacturing automobiles in Dong Vang in the northern
province of Bac Giang.