Update news equitization

Whose hands will public assets fall into?

VietNamNet Bridge - The equitization of a series of state-owned enterprises (SOEs) will end with a large part of public assets falling into the hands of a group of ‘the super rich’. 

How expensive will Vinamilk shares be?

VietNamNet Bridge - The price of Vinamilk shares at which SCIC sells at its initial public offering are expected to be higher than the market prices, or prices on the official bourse. 

French partner wants to be strategic shareholder of Airports Corp of VN

VietNamNet Bridge - If chosen as a strategic shareholder, the partner from France is expected to actively contribute to the development of the Airports Corporation of Vietnam (ACV) in its post-equitization period.

SOEs told to divest non-core business fields, but let grass grow under feet

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 half of the way.

SOEs required to divest non-core business fields, but proceeding slowly

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 completed half of the goal.

Foreign investors welcome State-owned companies’ IPOs and lift on foreign-ownership ratio

VietNamNet Bridge - Bank shares and state-owned enterprises’ (SOEs) IPOs (initial public offering) have become highly attractive to foreign investors. 

Stock market not strong enough to support equitization

VietNamNet Bridge - The Vietnamese stock market, with its small scale, is unable to absorb large amounts of shares to be sold by equitized state-owned enterprises (SOEs).

SOEs drag feet on the road to equitisation

 While foreign investors are keen to buy stakes in state-owned enterprises, the rate of equitisation remains too slow, and several enterprises are selling only paltry stakes.

Vinalines plans to take daring steps to get off the hook

VietNamNet Bridge - The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm to 36 percent will help restructure the business. 

Companies selling small number of shares unpopular with investors

VietNamNet Bridge - Businesses with a large number of shares can be easily sold, but companies with smaller amount of shares cannot find buyers.

State-owned enterprises’ remain essentially the same, despite reform

VietNamNet Bridge - One of the aims of state-owned enterprise (SOE) reform is to streamline enterprises’ operations, but they continue to expand.

Is Vietnam too hasty in equitizing State-owned enterprises?

VietNamNet Bridge – Many SOEs have been put up for equitization recently, but experts have warned that “haste will make waste”.


 Mekong Delta to stockpile 1 million tonnes of rice; Da Nang port hastens infrastructure construction; Government puts stop to exports of coal dust; HCM City targets US$35 billion for export earnings; Vinachem targeting equitization of units this year

Vinalines’ debt-restructuring negotiations reach an impasse

VietNamNet Bridge – The Vietnam National Shipping Lines (Vinalines) has reached agreements with two of its 22 creditors on debt restructuring, but negotiations since then have stalled.

National Assembly has no information on SOE sales

VietNamNet Bridge – It is difficult to access information about how much money the State has earned from selling state-owned enterprises (SOEs) and how the money has been used.

Saigontourist to go public

  Saigontourist Holding Company and Saigontourist Travel Service Company are preparing procedures for equitization this year.

Hundreds of SOEs to see major changes under amended Enterprise Law

VietNamNet Bridge – Vietnam’s economy will see major changes because of new provisions of the amended Enterprise Law that will turn hundreds of state-owned enterprises (SOEs) into non-state enterprises.

Vinalines’ seaport IPOs fail

VietNamNet Bridge – The recent initial public offerings (IPOs) of Vinalines all failed, with a modest ratios of shares sold on shares offered.

Airports Corporation of Vietnam valued at $1.8 billion

 VietNamNet Bridge - The value of the Airports Corporation of Vietnam (ACV), the investor of Long Thanh International Airport, is nearly $38 trillion (about $1.8 billion), according to the Ministry of Transport.

More state firms to be equitised in 2015

 The number of State-owned enterprises (SOEs) set to be equitised during the 2014-15 period will increase from 432 to 532 companies.