Ex top official receives PM's warning for privatization violations

Vietnamese agencies have only equitized 35 of 127 enterprises with a 2020 deadline, and many are asking for more time.

Three deputy ministers of transport and several other officials have been reprimanded or warned for equitization and divestment violations.

Singapore-based Keppel Corp will sell 70 percent stake in a waterfront township project to a Vietnamese investor for $100 million.

Vietnam needs to make a breakthrough this year in state divesting from enterprises, says Deputy Prime Minister Vuong Dinh Hue.

Vietnam’s second-largest oil retailer, PV Oil, is seeking multiple buyers, instead of a single strategic investor, for a 44.72 percent stake.

The finance, property, retail, and consumer goods sectors will continue to dominate mergers and acquisitions in Vietnam, experts say.

Gemadept Corporation’s after-tax profit in H1 rose nearly 6.8 times year-on-year to VND1.55 trillion ($68 million), partly owing to stake divestments.

Vietnam Electricity (EVN) will accelerate divestment from five power companies and pilot electricity connections at one thermal power plant this month.

The sale of a block of more than 2.4 million shares has been scheduled for October.

Some of the biggest companies from Thailand are ready to grab stakes in Vietnam's top state-owned enterprises, a report says.

Nine state owned enterprises (SOEs) under the Ministry of Transport (MoT)’s management sold stakes worth VND2.7 trillion (about $93 million) in the first three months of 2016.

Vietnam Posts and Telecommunications Group (VNPT) will lower its stakes in 50 companies, funds and banks in pursuance of a new decree issued by the government.

Playboy Enterprises, known for its iconic but struggling men's lifestyle magazine, said Thursday it had hired an investment adviser to look at a possible sale of the company.