State capital divestment faces pressure

State capital divestment faces pressure

Capital divestment from State-owned enterprises (SOEs) had slowed and was still facing difficulties, said Dang Quyet Tien, Director of the Corporate Finance Department under the Ministry of Finance.
The idea of waiting, hesitating in equitization still exists

The idea of waiting, hesitating in equitization still exists

VCN - Recently, management agencies have made great efforts to research, amend and supplement policies and mechanisms towards improving publicity and transparency
Consulting on IPO and transfer of State capital in the form of book building

Consulting on IPO and transfer of State capital in the form of book building

VCN- Book building is a process of creating, receiving and recording an investor’s demand for shares to effectively identify the price for the issuance of stock to the public, including the initial issuance and additional issuance to the public.
Committee for Management of State Capital debuts

Committee for Management of State Capital debuts

The Committee for Management of State Capital (CMSC), known as the “super committee”, made its debut in Hanoi on September 30 in the witness of Prime Minister Nguyen Xuan Phuc.
The “Ultra Committee” helps the Government to manage State Capital effectively

The “Ultra Committee” helps the Government to manage State Capital effectively

Accordingly, the Committee plays a role to help the Government manage and supervise effectively the capital and assets of the State in enterprises
Transforming SOEs into JSCs for more better management and use of state capital

Transforming SOEs into JSCs for more better management and use of state capital

VCN - At the end of the fiscal year 2016, there were 583 enterprises of which 100% charter capital is held by the State
Government to establish agency to manage State assets

Government to establish agency to manage State assets

The Government plans to establish a special agency to act as the ownership representative of State capital at State-owned enterprises by 2018.
State capital divestment from brewers urged to be sped up

State capital divestment from brewers urged to be sped up

State capital at the two brewers Saigon Alcohol Beer Beverage JSC Sabeco and Hanoi Alcohol Beer Beverage JSC Habeco may soon be transferred to the State Capital Investment Corporation SCIC
Inadequacy in the enterprise valuation: Risk losing tens of trillion dong of the State capital

Inadequacy in the enterprise valuation: Risk losing tens of trillion dong of the State capital

VCN- SAV, it has shown that trillion dong of the State capital might be lost because the method of determining the enterprise value has been still inadequate.
SCIC manages State capital of nearly VND20 trillion at 141 firms

SCIC manages State capital of nearly VND20 trillion at 141 firms

The State Capital Investment Corporation (SCIC) had invested in 141 businesses as of July 31 with total State capital of almost 19.56 trillion VND (860.6 million USD) among their combined charter capital of nearly 94.93 trillion VND (4.18 billion USD).
Shake-up needed in managing State capital

Shake-up needed in managing State capital

Vietnam urgently needs an effective model for managing State capital at State-owned enterprises (SOEs) to prevent loss and corruption while promoting efficiency in using State capital.
Equitization must ensure the sale of state capital

Equitization must ensure the sale of state capital

VCN - Although 96.5% of State owned enterprises (SOEs) were equitized, the total equitized capital was only 8%. Therefore, localities, ministries and sectors must ensure that state capital must be sold, better divested and improve the administration of en
SCIC is the acting representative of the State capital owner

SCIC is the acting representative of the State capital owner

VCN- The Prime Minister requested ministries, ministerial agencies, and authorities under the Government and the People’s Committee of provinces, cities to direct the relevant units and the representatives of the State capital in enterprises that agreed t
A new Decree on equitization of SOEs introduced in December 2016

A new Decree on equitization of SOEs introduced in December 2016

VCN – In the first 11 months of 2016, there have been 56 more State owned enterprises (SOEs) which were approved for equitization
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