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

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.

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

Nineteen companies have registered to buy a stake in PV Oil to become strategic shareholders when PV Oil launches its IPO, slated for early next year, according to a representative from PV Oil. 

VietNamNet Bridge - A lucrative beer market with expected high growth rates is the driving force for foreign investors to acquire a stake in Sabeco, the largest Vietnamese brewer.

VietNamNet Bridge - Analysts have warned that strong brands may disappear once foreign investors buy into Vietnamese companies.

Many divestment deals have been made by commercial banks this month. Most of the businesses in which banks have withdrawn capital have made only modest profits and have had unsatisfactory business results.

VietNamNet Bridge - Many shares will be put into transactions on the bourse soon, but analysts believe they will sell out as investors are more than ready to buy.

VietNamNet Bridge - The decision by Vietnamese businesses to increase the cap for foreign ownership is expected to increase share prices.

After concluding successful transactions, large conglomerates now have trillions of dong in their coffers. And they have to think about how to use the money.

VietNamNet Bridge - Foreign investors have shown their intention to buy a stake in Habeco and Sabeco, but Vietnamese experts say that local buyers should protect the two brands.

The capital volume registered by foreign investors to acquire Vietnam Prosperity Joint Stock Commercial Bank (VPBank)’s shares reached a record $1.2 billion, marking the largest transaction on the stock exchange to date. 

The Ministry of Industry and Trade (MOIT) wants to sell all the state capital in Trang Tien Plaza, while  the State Capital Invetsment Corporation (SCIC) and the Ministry of Finance (MOF) want to retain 51 percent of capital.

VietNamNet Bridge - Rapid-fire news about state divestment from 10 profitable state-owned enterprises emerged in 2016, but no further news has been reported this year.

VietNamNet Bridge - The Prime Minister’s newly released decision on the divestment plan in 2016-2020 includes many large corporations such as VNPT, MobiFone, Agribank and Vinacomin.

VietNamNet Bridge - The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them.

VietNamNet Bridge - Soon after listing their shares on the bourse after many years of hiding, a number of multi-billion dollar conglomerates quickly became ‘pillars’ in the stock market.

VietNamNet Bridge - Beer companies have been prospering in Vietnam, a large market with 90 million people and consumption of 3.8 billion liters of beer in 2016.

Having collected hundreds of trillions from divestments of large corporations, the State Capital Investment Corporation (SCIC)  in using money for re-investments. But the direction it will take in 2017 will be different.    

Reports about ESOP (employee stock ownership plan) and Tet bonus programs from businesses show that those who have received the biggest bonuses were mid- and high-ranking managers.