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

Monday, Jun 03, 2024

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

SCIC to divest in 31 companies

Wednesday, May 22, 2024

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

Friday, Mar 22, 2024

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

Friday, Mar 08, 2024

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

Saturday, Feb 17, 2024

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.

SCIC proposes a series of solutions to promote State investment capital

Monday, Jan 22, 2024

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.

SCIC to auction all 3.15 million shares at Vinacontrol Group

Friday, Dec 15, 2023

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.

Ministry wants to transfer 11 SOEs to CMSC, SCIC

Saturday, Aug 26, 2023

The Ministry of Industry and Trade proposed 11 State-owned enterprises (SOEs) in which the ministry represented the State ownership to be handed over to the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment...

SCIC unveils first phase of 73 enterprise divestment plan for 2023

Saturday, Apr 22, 2023

The State Capital Investment Corporation (SCIC) has recently announced its first phase of divestments for 2023, which includes 73 enterprises with some high-profile companies in the stock exchange.

State Capital Investment Corporation’s profit rises 91 per cent

Thursday, Jan 12, 2023

The State Capital Investment Corporation (SCIC) on Tuesday reported that its after-tax profit in 2022 reached over VND6.83 trillion (US$291.5 million), 91 per cent higher than the yearly plan.

SCIC to sell 13.9 million shares in Thái Nguyen Industrial Zone Infrastructure Development JSC

Thursday, Aug 04, 2022

State Capital Investment Corporation (SCIC) plans to its entire 98.84 per cent stake in its affiliate Thái Nguyên Industrial Zone Infrastructure Development Joint Stock Company (HTTN).

SOEs earn revenue worth nearly VND900 trillion in H1, up 27 per cent

Friday, Jul 22, 2022

Nineteen corporations and enterprises under the management of the Committee for Management of State Capital at Enterprises (CMSC) reported total revenue of more than VND982 trillion in the first half of this year, equivalent to 90 per cent of the...

SCIC has no plans to divest from large enterprises this year

Thursday, Jun 30, 2022

In 2022, State Capital Investment Corporation (SCIC) is expected to divest at 101 member companies.

SCIC posts lower profits due to affiliated company losses

Monday, May 23, 2022

The State Capital Investment Corporation (SCIC) posts high revenue but profits sank to 10-year low due to losses from its affiliated companies.

State to divest from six major enterprises, raking in $600-800 million in Q1 2022

Wednesday, Oct 06, 2021

The State Capital Investment Corporation (SCIC) is expected to divest capital from six major enterprises in the first quarter of next year, fetching between VND15 trillion and VND20 trillion (US$652-870 million) for the State budget.