Update news equitization

Fixes required for SOE progress slip in Vietnam

With the slow equitisation and restructuring of major state-owned enterprises, the Vietnamese government has been urged to accelerate the process with an aim to create more opportunities for the private sector.


Experts doubt SOEs’ can succeed with investment projects abroad

State-owned enterprises (SOEs) have been advised to remain cautious when making outward investments because the possibility of success is low.

Vinalines to have new brand name in Q2

The Vietnam National Shipping Lines (Vinalines) will organise its general shareholders’ meeting in Quarter 2, officially changing its trading name to Vietnam Maritime Corporation (VIMC).


SOEs under trade ministry to be inspected

The Government Inspectorate will carry out an inspection targeting State-owned enterprises (SOEs) in which the Ministry of Industry and Trade (MoIT) controls State capital.

SOE equitisation lets down investors

The poor performance and small sales percentage of many such enterprises have disheartened many interested parties.  

Stock market continues to be busy with more IPOs

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).

State company shares remain unappealing to some investors

Except Sabeco and Vinamilk shares, the other divestments by the state have not succeeded as expected.

SOE scandals unveiled, Vietnam speeding up SOE reform

The business performance of state-owned enterprises is often unclear because of lax management. At many large companies, problems were discovered only after the firms had incurred losses of trillions of dong.

530 SOEs equitized in the last five years

VietNamNet Bridge - The list of SOEs (state owned enterprises ) subject to equitization is long with many well-known names. 

Tale of woe

Struggling in recent times, the equitization of Vietnam’s main State-run film studio seems to have set the industry back even further.

Equitized SOEs not attractive to strategic investors

Many investors have been reluctant to buy a stake of equitized SOEs (state owned enterprises) because of problems in current regulations and the internal weaknesses of the enterprises.

SOE bosses – from hot seats to prison

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.

Foreign investors want to buy controlling interest in equitized SOEs

VietNamNet Bridge - Many foreign investors that want to become strategic partners of large state-owned conglomerates are finding it difficult to negotiate prices. 

SOEs name new staff to top management posts

VietNamNet Bridge - A number of changes in key personnel in some state-owned enterprises (SOEs) are not expected to affect the enterprises’ production and business, experts say.

Tens of trillions of dong of state capital nearly lost in equitization

VietNamNet Bridge - More than 96 percent of SOEs slated for equitization have been equitized, but only 8 percent of the state’s capital has been transferred to the private sector. 

State sets short deadline to divest from beer giants

The state plans to complete the divestment from Saigon Beer, Alcohol and Beverage JSC (Sabeco) and Hanoi Beer, Alcohol and Beverage JSC (Habeco) within 16 months.

How can businesses choose strategic shareholders?

Analysts have noted that equitized SOEs tend to choose  conglomerates with powerful financial capability - real estate developers or financiers - which do not have relations to their core business fields, as their strategic shareholders. 

MobiFone eyed by foreign investors, former partners

VietNamNet Bridge - Foreign investors have shown strong desire to buy MobiFone’s stakes. The Vietnamese mobile network operator, after a lot of delays, will undergo equitization in 2016.

Vietnam Airlines proposal for new air carrier raises doubts

The Ministry of Transport (MOT) has been asked to thoroughly consider the Vietnam Airlines Corporation’s (VNA) proposal on setting up a new carrier, a proposal criticised by some as not transparent enough.

Vietnam Airlines' to privatise VASCO

 Vietnam Airlines’ spokesperson Le Hoang Dung said the national flag carrier was planning to privatise VASCO - Vietnam Air Services Company.