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Shipping firm Vinalines plunges into loss

Vinalines reported a loss of VND633 billion ($27 million) in H1 after failing to sell loss-making ships whose maintenance is expensive.

PetroVietnam assigned $863 mln profit target

State-owned oil giant PetroVietnam has a profit target of VND20 trillion ($863 million) this year, up 17 percent from last year.

Vinalines buys back illegally sold stake in central port

State-owned shipping firm Vinalines has bought back its stake in a central port after illegally selling it to a private firm.
May 31, 2019 | 10:54 am GMT+7

Vietnam advances $97 million to cover state-owned paper mill’s debt

The government has advanced about $97 million to a state-owned company to cover debts related to a failed paper project.
May 23, 2019 | 10:33 am GMT+7

Vietnam needs privatization breakthrough in 2019: deputy PM

Vietnam needs to make a breakthrough this year in state divesting from enterprises, says Deputy Prime Minister Vuong Dinh Hue.
January 19, 2019 | 02:00 pm GMT+7

No solution in sight for under-evaluation of public land in Vietnam

Some prime plots were not listed among assets of state-owned firms before equitization.
May 30, 2018 | 10:47 am GMT+7

Vietnamese SOEs losing millions from foreign investment projects

Poor judgment and lack of experience in foreign markets have been blamed for the losses.
May 12, 2018 | 09:00 pm GMT+7

Vietnam oil firm sells 5 percent interest at offshore block to Murphy Oil

The value of the deal was not disclosed.
March 17, 2018 | 11:29 am GMT+7

Vietnam looking to drive SOE stake sales forward in 2018

The assets the government plans to sell will include leading companies in energy, power and petroleum.
March 06, 2018 | 11:13 am GMT+7

Runaway bigwig receives second life sentence as PetroVietnam purge continues

Trinh Xuan Thanh has been found guilty for losses worth millions of dollars at the energy giant's real estate unit.
February 05, 2018 | 11:43 am GMT+7

Vietnam raises $57.7 mln in lackluster rubber group IPO

Investors largely shunned the offering, with less than a quarter of available shares finding buyers.
February 05, 2018 | 10:45 am GMT+7

Vietnam’s largest state-owned shipping firm to be privatized in 2018

Up to 35 percent of Vinalines’ charter capital will be sold to local and foreign investors.
January 28, 2018 | 02:32 pm GMT+7

Vietnam’s runaway bigwig stands second trial for embezzlement

The hearing comes just two days after Trinh Xuan Thanh was sentenced to life for causing million-dollar losses at PetroVietnam.
January 24, 2018 | 10:21 am GMT+7

Vietnam trying to rein in rising public debt: Finance minister

The government is refusing to raise the public debt ceiling in order to ensure financial security.
November 16, 2017 | 05:16 pm GMT+7

A private solution for China’s zombie company problem? Unlikely

China's state-run companies dominate the country's key industries, from banking to insurance, energy, and telecoms.
September 24, 2017 | 08:47 am GMT+7
 
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