Viet Nam wants South Korean investors to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs). Finance Minister Dinh Tien Dung, left, gives an interview to the Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on Wednesday. - Photo VNA This is due to their financial strength, management experience and high technology. Finance Minister Dinh Tien Dung said this in an interview to Vietnam News Agency on the sidelines of an investment promotion conference in South Korea on April 18. He said the Vietnamese Government recognised the role of foreign investors, including those from South Korea. The Korean investors’ participation in the equitisation and divestment processes will help improve the quality of economic restructuring in Viet Nam. It is expected to promote the effectiveness of governance and use of capital at SOEs in the country, he added. … [Read more...] about Korean investors welcome as partners in SOE equitisation
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RoK investors hoped to be strategic partners in VN’s SOE equitisation
Finance Minister Dinh Tien Dung (L) gives an interview to the Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18 (Photo: VNA) Seoul (VNA) – As investors from the Republic of Korea (RoK) have financial strength, management experience and high technology, Vietnam wants them to actively take part in and become strategic partners in the equitisation and divestment of State capital from State-owned enterprises (SOEs). Finance Minister Dinh Tien Dung made the remark in an interview given to Vietnam News Agency on the sidelines of an investment promotion conference in the RoK on April 18. He said the Vietnamese Government recognises the role of foreign investors, including those from the RoK. The RoK investors’ participation in the equitisation and divestment will help improve the quality of economic restructuring in Vietnam. It is expected to promote the effectiveness of the governance and use of capital at SOEs in the … [Read more...] about RoK investors hoped to be strategic partners in VN’s SOE equitisation
Government raises USD61.5 million from SOE divestment
During this period, authorities also approved the equitisation plans of two SOEs - Phuoc An-Dak Nong Coffee Company and Van Tuong Company - at a total value of VND987 billion, of which VND187 billion is State capital.The first quarter also saw several equitised SOEs complete initial public offering (IPO) auctions, such as Binh Son Refinary, PV Oil, PV Power and Vietnam Rubber Corporation.Source: VNAAccording to data of StoxPlus Company, Vietnam’s stock markets raised VND21.3 trillion through the IPO auctions of 12 SOEs in the first quarter, equal to the total IPO value of the previous four years.Experts attributed the high growth to a wave of equitisation of many large SOEs in recent times, especially in the field of energy.Vietnam considers 2018 a key year in the country’s restructuring plan for SOEs, targeting to divest State capital at 181 SOEs and equitise at least 86 SOEs throughout the year, with 64 being large ones. The target is tough, but experts believe it is … [Read more...] about Government raises USD61.5 million from SOE divestment
Government raises 61.5 million USD from SOE divestment
Illustrative image (Source: VNA) Hanoi (VNA) - The Government raised more than 1.39 trillion VND (61.5 million USD) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance. During this period, authorities also approved the equitisation plans of two SOEs - Phuoc An-Dak Nong Coffee Company and Van Tuong Company - at a total value of 987 billion VND, of which 187 billion VND is State capital. The first quarter also saw several equitised SOEs complete initial public offering (IPO) auctions, such as Binh Son Refinary, PV Oil, PV Power and Vietnam Rubber Corporation. According to data of StoxPlus Company, Vietnam’s stock markets raised 21.3 trillion VND through the IPO auctions of 12 SOEs in the first quarter, equal to the total IPO value of the previous four years. Experts attributed the high growth to a wave of equitisation of many large SOEs in recent times, especially in the field of energy. Vietnam … [Read more...] about Government raises 61.5 million USD from SOE divestment
Government raises US$61.5mn from SOE divestment
Investors are waiting for IPOs of large companies in the trade and services sectors such as Satra. — Photo anphong.vn The Government raised more than VND1.39 trillion (US$61.5 million) by divesting its stake in State-owned enterprises (SOEs) in the first quarter of this year, according to the Ministry of Finance. During this period, authorities also approved the equitisation plans of two SOEs---Phuoc An-Dak Nong Coffee Company and Van Tuong Company---at a total value of VND987 billion, of which VND187 billion is State capital. The first quarter also saw several equitised SOEs complete initial public offering (IPO) auctions, such as Binh Son Refinary, PV Oil, PV Power and Vietnam Rubber Corporation. According to data of StoxPlus Company, Viet Nam’s stock markets raised VND21.3 trillion through the IPO auctions of 12 SOEs in the first quarter, equal to the total IPO value of the previous four years. Experts attributed the high growth to a wave of equitisation of many large … [Read more...] about Government raises US$61.5mn from SOE divestment