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State capital use

Finding the balance between autonomy and oversight in state-owned enterprise reforms

Finding the balance between autonomy and oversight in state-owned enterprise reforms

The draft Law 69 will replace the current Law 69/2014/QH13, marking a ''revolution'' in how state capital is managed in enterprises.
Paving new path for state-owned enterprises growth

Paving new path for state-owned enterprises' growth

The Ministry of Finance (MoF) is gathering feedback on the draft Law on State Capital Management and Investment in Enterprises through recent workshops and discussions.
State to focus on managing its investments

State to focus on managing its investments

Representatives from the MoF and the SBV said the state agencies appreciate contributions from credit institutions and state-owned enterprises across the country. 
New law to untie the hands of State-invested enterprises

New law to untie the hands of State-invested enterprises

The draft Law on Management and Investment of State Capital at Enterprises is expected to solve current problems, thereby helping state-owned enterprises develop.
Obstacles needed to be removed to promote equitisation and capital divestment: MoF

Obstacles needed to be removed to promote equitisation and capital divestment: MoF

The Ministry of Finance (MoF)’s experts have stressed the need to remove obstacles in mechanisms and policies to promote the equitisation and divestment of state capital in enterprises.
Fundamental shift needed, SCIC proposes change in state capital management

Fundamental shift needed, SCIC proposes change in state capital management

There needs to be a fundamental shift from strengthening management in state-owned-enterprises (SOEs) to consolidating and developing while building several large-scale, efficient economic groups capable of regional and international competition in key economic sectors, said the State Capital Investment Corporation...
State capital divestment gains momentum in VN with high-profile deals in focus

State capital divestment gains momentum in VN with high-profile deals in focus

The State Capital Investment Corporation (SCIC) announced plans to sell capital in 31 companies, attracting significant market interest.
SCIC to divest in 31 companies

SCIC to divest in 31 companies

Eight of the companies slated for divestment are well known and listed on the stock exchanges.
State Capital Investment Corporation to auction off 10 per cent stake in Việt Nam Books JSC

State Capital Investment Corporation to auction off 10 per cent stake in Việt Nam Books JSC

Shares will be auctioned with a starting price of VNĐ15,700 per share, equivalent to a starting value of over VNĐ106 billion (US$4.3 million).
SCIC plans to spend 19.4 million for 30 million shares of Military Bank

SCIC plans to spend $19.4 million for 30 million shares of Military Bank

Under the approved plan, MBB will offer 73 million shares to two investors, SCIC and the Military Industry and Telecoms Group (Viettel). Viettel will purchase 43 million MBB shares.
PM calls for ‘comprehensive plan to revive national flag carrier

PM calls for ‘comprehensive plan’ to revive national flag carrier

Prime Minister Phạm Minh Chính has urged agencies to develop a ‘comprehensive plan’ to tackle the financial challenges faced by lossmaking national flag carrier Vietnam Airlines.
PM meets CMSC and leaders from 19 SoEs

PM meets CMSC and leaders from 19 SoEs

Prime Minister Phạm Minh Chính said SoEs hold significant material resources, large assets and capital, and they play an important role in promoting Việt Nam''s economic development, ensuring social stability.
SCIC proposes a series of solutions to promote State investment capital

SCIC proposes a series of solutions to promote State investment capital

Its average profit after tax reaches VNĐ6.7 trillion, while the average annual State budget contribution reaches VNĐ5.4 trillion and the total investment disbursement is VNĐ36.3 trillion for the whole period by 2025, according to the SCIC plan.
The total revenue of 19 groups and corporations reached over 45 billion

The total revenue of 19 groups and corporations reached over $45 billion

The 19 firms’ total revenue reaches VNĐ1.13 quadrillion, equivalent to 105.1 per cent of this year’s target. The pre-tax profit reached approximately VNĐ53.26 trillion, representing 166.1 per cent of the target this year and 110.9 per cent of last year’s result.
SCIC to auction all 3.15 million shares at Vinacontrol Group

SCIC to auction all 3.15 million shares at Vinacontrol Group

The State Capital Investment Corporation (SCIC) has recently announced to auction its entire 3.15 million shares at Vinacontrol Group, starting price of VNĐ171.6 billion, equivalent to about VNĐ54,500 per share.