DFJ VinaCapital Venture Investment has announced that it divested its entire 4.87% stake in Yeah1 Group Corporation (YEG).

VietNamNet Bridge - A number of commercial banks are rushing to divest shares to withdraw capital they contributed to other banks many years ago.

VietNamNet Bridge - Investors now are feeling the heat from bank shares as prices escalate every day.

Because of the difficulties in arranging investment capital, many state-owned economic groups want to withdraw from large projects. 

VietNamNet Bridge - Among the enterprises put under management by the State Capital Investment Corporation (SCIC), there are many firms where the state’s ownership ratio is less than 5 percent.

January 2018 witnessed many IPOs of large corporations, including Binh Son Petrochemistry & Refinery JSC (BSR, UpCom), PVOil (OIL, UpCom), PVPower (POW, UpCom) and the Vietnam Rubber Group (GVR, UpCom).

VietNamNet Bridge - As the stock market has bounced back, state-owned corporations are speeding up divestment from banks, but the process has been slower than anticipated. 

VietNamNet Bridge - Many Vietnamese famous brands, one after another, are being bought by foreigners. 

VietNamNet Bridge - The decision by Vietnamese businesses to increase the cap for foreign ownership is expected to increase share prices.

The posts of chair or general director of large state-owned conglomerates such as oil and gas, electricity, mining, shipbuilding and shipping are very powerful. However, the positions have led many businessmen to prison.

The government has just announced the list of 406 state-owned enterprises (SOEs) to be divested in the 2017-2020 period, drawing heavy attention from investors.

MOF introduced a draft of amendments to laws on Value Added Tax, Special Consumption Tax, Corporate Income Tax, Personal Income Tax and Natural Resources Protection Tax at a press conference on Tuesday.

VietNamNet Bridge - Rapid-fire news about state divestment from 10 profitable state-owned enterprises emerged in 2016, but no further news has been reported this year.

VietNamNet Bridge - The Prime Minister’s newly released decision on the divestment plan in 2016-2020 includes many large corporations such as VNPT, MobiFone, Agribank and Vinacomin.

VietNamNet Bridge - Soon after listing their shares on the bourse after many years of hiding, a number of multi-billion dollar conglomerates quickly became ‘pillars’ in the stock market.

Having collected hundreds of trillions from divestments of large corporations, the State Capital Investment Corporation (SCIC)  in using money for re-investments. But the direction it will take in 2017 will be different.    

VietNamNet Bridge - The government has been warned that loopholes in the process of divesting state capital from state-owned enterprises may lead to a major losses.

VietNamNet Bridge - The Vietnamese stock market lacks attractive shares which could be valuable assets for investors, such as Vinamilk shares.

VietNamNet Bridge - The government is striving to receive the best prices and protect Vietnamese brands as it implements its plan of divesting itself from big state-owned enterprises.