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State-owned companies report $427M overseas profits
State-owned companies made profits of US$427.4 million overseas last year and $2 billion cumulatively, according to a recent report by the government to the National Assembly.
19 state-owned firms' sales match 5th of Vietnam GDP
The 19 state-owned companies run by the State Capital Investment Corporation reported revenues of nearly US$82 billion last year, or 20% of Vietnam’s GDP.
Vietnam state-owned companies invest $6.6 bln overseas
State-owned companies have invested $6.61 billion overseas by the end of last year, with PetroVietnam and Viettel the main investors.
October 15, 2022 | 04:00 am PT
State firms had mixed profitability record in 2021: report
State-owned enterprises reported mixed results last year, with some making millions of dollars in profits and others suffering similar losses, according to a government report.
October 13, 2022 | 10:44 pm PT
M&A takes center stage in Vietnam’s foreign investment landscape
The finance, property, retail, and consumer goods sectors will continue to dominate mergers and acquisitions in Vietnam, experts say.
November 28, 2018 | 11:14 pm PT
State firms’ debts edge up, worth 50 pct of assets
State-owned firms saw their debts rise by 1.3 percent last year to reach almost half the value of their total assets.
October 21, 2018 | 10:41 pm PT
New entity set up to manage Vietnam government stakes in companies
A committee has been set up to manage the government’s stakes of more than $43 billion in companies.
September 30, 2018 | 06:52 pm PT
Vietnam pushes divestment in state-owned firms to counter rising public debt: HSBC
The country’s public debt is on the verge of hitting the mandated limit set by the government.
August 14, 2017 | 08:56 pm PT
Former shipping firm execs to appeal death sentences in $12 million Vietnam fraud case
Hanoi's appeals court will be reopening the infamous Vinashinlines scandal this week.
August 14, 2017 | 02:37 am PT
Vietnam plans more share sale from dairy giant Vinamilk: official
The sale of a 3.33 percent stake is expected in October and foreign investors would be able to bid.
August 4, 2017 | 08:23 pm PT
Vietnam gives power monopoly the power to hike prices
Depending on cost changes, EVN will be allowed to raise prices by up to 10 percent every six months without seeking gov't approval.
July 31, 2017 | 07:34 pm PT
Vietnam to lift restrictions on foreign investment in privatization push: Prime Minister
PM Nguyen Xuan Phuc said the country will relax regulations as it looks to make $7 billion from share sales.
July 11, 2017 | 10:57 pm PT
Vietnam’s leaders say no rescue for state-run factories with massive losses
The Communist Party’s decision-making body has ordered the trade ministry to quickly end business ventures that are in the red.
June 20, 2017 | 10:56 pm PT
2 executives get death sentence in Vietnam’s major shipping scandal
The scandal is among Vietnam's six corruption and mismanagement cases to be brought to trial by March 2017.
February 22, 2017 | 04:08 am PT
Vietnam's PM signs off on more state-owned company sales
The conglomerates involved in this fresh round of sell-offs include Agribank and coal mining group Vinacomin.
January 6, 2017 | 04:30 am PT
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