Update news divestment

Smallest commercial bank in Vietnam may change hands

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.

Losses a roadblock to SCIC divestment plans at Quang Ninh Thermal Power

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.

Hoang Anh Gia Lai sells off subsidiaries to resolve financial issues

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.

SCIC fully divests Quang Ninh Thermal Power

SCIC wishes to fully divest its 11.42 per cent holding in Quang Ninh Thermal Power JSC at double the market price, expecting to collect $53.04 million.

Some way to go in SOE equitization

SOE equitization and divestment needs greater efforts from all concerned as yet another deadline seems likely to be missed.

Deputy PM: no group interest found in SOE equitisation, divestment

 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. 

Government to speed up divestment in last months of the year

VietNamNet Bridge - The government is moving ahead with the plan to reduce its ownership ratios in large state-owned banks, including BIDV and Vietcombank.

Vinacomin rakes in $76m from divestment

VietNamNet Bridge – The Viet Nam National Coal and Mineral Industries Holding Corporation has gained VND1.6 trillion from the divestment of three companies in its non-core businesses this year.