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


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Hanoi ranks second in Vietnam, just after HCMC, in terms of the number of enterprises restructured by the State from now to 2020.

The State will keep its ownership ratios unchanged in four enterprises, namely Ha Noi Housing Management and Development; the Capital Lottery Company, the Hanoi Railway Corporation and the Hanoi Publishing House Company.

The remaining 15 companies will undergo equitization, under which shares will be sold to investors. The State will still hold the controlling stakes (from 50 percent to less than 65 percent) in three companies – the Hanoi Park Greenery Company, Thong Nhat Park and Hanoi Zoo.

In other 12 companies, the state’s ownership ratio will reduce to below 50 percent. These include a lot of ‘shining’ names such as Hanoi Transerco (transport), Hanoi Tourist (travel firms), UDIC (infrastructure developer) and Hawacom (water supply).

Being a big player in the tourism sector, Hanoitourist shares would be a valuable investment.

The government has released a list of 19 enterprises in Hanoi and the proportion of the state’s ownership stake in them.
Hanoitourist now has a series of 4- and 5-star hotels, the best known in Hanoi, including Sofitel Metropole, Hilton, Pullman, InterContinental, Hotel de l'Opera Hanoi, Hilton Gardent Inn Hanoi, Hanoi Hotel and Thang Long Opera. The ideal destination point in summer – the Ho Tay Water Park – is also partially owned by Hanoitourist.

After 50 years of operation, the company’s charter capital has increased from VND600 billion to VND2.850 trillion, while its business performance is usually good with a two-digit growth rate.

Hanoi Transerco runs a large network of buses and stations in Hanoi. The company has recently launched new services, including high-quality buses that carry passengers to Noi Bai Airport and BRT (bus rapid transit).

Hanoi Transerco also owns Toyota Hoan Kiem and Ford Hanoi, specializing in car trade and providing related services.

The company reported revenue of VND3.3 trillion in 2016 and profit of VND57.8 billion.

Handico is the main unit in Hanoi in developing the social housing fund -  accommodations for students, houses for workers in industrial zones, apartments for low income earners and houses for resettlement.

Handico has teamed up with Japanese Stanley to manufacture the parts and accessories for motor vehicles.

Hapro, the Hanoi Trade Corporation, is well known not only for its Hapro Mart chain, but also for its import/export activities and trade infrastructure development.

Hapro has charter capital of VND1.735 trillion. It reported revenue of VND2.2 trillion in the first six months of 2016.

UIDC is the contractor of a series of apartment blocks and new urban areas in Hanoi. The infrastructure developer reported turnover of VND8.8 trillion in 2016, an increase of 23.5 percent over 2015.


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