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Update news disinvestment
VietNamNet Bridge - The nation’s leading dairy producer Vinamilk has urged state management agencies to produce a roadmap for the state’s divestment from state-owned companies.
VietNamNet Bridge - State-owned economic groups have three more months to withdraw capital from non-core business fields as requested by the government. But they have only gone halfway toward the goal.
VietNamNet Bridge - As soon as the State Capital Investment Corporation (SCIC) announced the sale of shares as part of its disinvestment plan, private investors registered to take everything SCIC wanted to sell.
VietNamNet Bridge - The State Bank of Vietnam’s (SBV) compulsory restructuring policy has put many commercial banks under pressure because they have to withdraw capital from investment projects within a short time.
Many state-owned economic groups that made huge investments in non-core business fields are facing trouble as some of the business tycoons have been jailed because of wrongdoings that caused serious consequences.
VietNamNet Bridge - State-owned enterprises are finding it difficult to sell their stake in their finance, banking and real estate companies.
The Ministry of Agriculture and Rural Development divested more than VND1,500 billion (US$70.58 million) from 72 agricultural enterprises by the end of 2014, baotintuc.vn reported on January 8.