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State investment firm SCIC earns $46 million from bank deposits

State investment firm SCIC earns $46 million from bank deposits

The State Capital Investment Corporation (SCIC) earned over VND1 trillion ($46 million) from bank deposits last year, its corporate financial statement showed.
Steel project waits for Chinese contractor after four-year delay

Steel project waits for Chinese contractor after four-year delay

Ministry of Transport makes $93 million from divestments

Ministry of Transport makes $93 million from divestments

Vietnam state investment arm told to invest in new strategic areas

Vietnam state investment arm told to invest in new strategic areas

Deputy Prime Minister Vuong Dinh Hue has asked the State Capital Investment Corp. (SCIC) to consider investing in areas that are strategically vital to the country’s development, the Vietnam government portal said in a statement on Tuesday.
April 26, 2016 | 05:03 pm PT
Privatization quickens as investors lay eyes on "golden land"

Privatization quickens as investors lay eyes on "golden land"

Vietnam has managed to privatize, both partially and wholly, 34 state-owned enterprises (SOEs) during the first four months of this year, according to a report by the Steering Committee of Business Development and Reform.
May 12, 2016 | 05:19 am PT
Vietnam's leading state owned giant Vinamilk says scrapping foreign ownership cap

Vietnam's leading state owned giant Vinamilk says scrapping foreign ownership cap

The board of Vietnamese dairy firm Vinamilk has decided to remove its 49 percent foreign ownership cap, an official said on Monday, paving the way for an expected flood of interest from overseas investors in a company valued at $7.85 billion.
May 16, 2016 | 07:52 pm PT
Vietnam rakes in nearly $200 million from state firm sell-offs

Vietnam rakes in nearly $200 million from state firm sell-offs

Vietnam divested VND2.1 trillion from state-owned enterprises during the first five months of the year, the Finance Ministry said on Monday, adding approximately VND4.2 trillion ($187 million) to government coffers.
June 6, 2016 | 10:57 pm PT
Vietnam mega corporation’s heads paid 30 times above average

Vietnam mega corporation’s heads paid 30 times above average

The giant state owned corporation has paid its employees half of dozen million dollars in 2015. 
July 7, 2016 | 03:43 am PT
Vietnam's fresh privatization push puts local firms on edge

Vietnam's fresh privatization push puts local firms on edge

Will foreign investors start renaming Vietnamese brands now the ownership cap has been lifted?
September 8, 2016 | 08:42 pm PT
Vietnam to divest from dairy giant Vinamilk in privatization push

Vietnam to divest from dairy giant Vinamilk in privatization push

The government also confirms plans to sell shares in nine other leading enterprises.
September 14, 2016 | 03:00 pm PT
Vietnam to sell 9 pct stake in dairy giant this year: state investment arm

Vietnam to sell 9 pct stake in dairy giant this year: state investment arm

Already valued at $9 billion, Vinamilk is the largest listed firm in the country.
September 23, 2016 | 03:00 pm PT
Morgan Stanley Asia to advise Vietnam on stake sale of dairy giant

Morgan Stanley Asia to advise Vietnam on stake sale of dairy giant

Vietnam’s investment arm wants to milk the maximum profit from the sell-off.
October 7, 2016 | 02:03 am PT
Vietnam’s govt urged to sell entire stake in dairy giant Vinamilk

Vietnam’s govt urged to sell entire stake in dairy giant Vinamilk

Selling off small stakes individually could cost the government $1 billion.
October 20, 2016 | 02:49 am PT
Vinamilk's Jan-Sep gross profit jumps 28 percent ahead of share sale

Vinamilk's Jan-Sep gross profit jumps 28 percent ahead of share sale

The government's investment arm SCIC is set to sell a 9 percent stake in the dairy giant this year.
October 24, 2016 | 09:21 pm PT
First Vinamilk's stake sale set for December

First Vinamilk's stake sale set for December

The government will offload a 9 percent stake first before completely divesting from the dairy company.
October 27, 2016 | 08:40 pm PT
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