Update news divestment
Petrolimex, the largest petroleum distributor, has got the nod from the State Bank of Vietnam (SBV) to divest from PG Bank. It now holds 120 million shares of the bank, or 40 percent of capital.
The losses reported by Quang Ninh Thermal Power JSC will make it harder for State Capital Investment Corporation (SCIC) to divest the company this year.
Even after managing to improve its financial structure, Hoang Anh Gia Lai is still looking at a fraught 2020 due to the shock of the VND-trillion loss in 2019.
Deputy Prime Minister Vuong Dinh Hue has stated that no group interests have been found in the equitisation and divestment of State-owned enterprises (SOEs) following inspections.
VietNamNet Bridge - The government is moving ahead with the plan to reduce its ownership ratios in large state-owned banks, including BIDV and Vietcombank.