State Investment Company to sell its capital at Vinamilk
Dang Quyet Tien, Deputy Director of the Agency for Corporate Finance told the press on September 14 that the divestment of State capital at Vinamilk will be carried out this year.
SCIC to sell its capital at Vinamilk, the biggest milk company in Vietnam. (Source: doanhnghieppvn.vn)
Hanoi (VNA) – Dang Quyet Tien, Deputy Director of the Agency for Corporate Finance under the Ministry of Finance, told the press on September 14 that the divestment of State capital at Vinamilk will be carried out this year.
The State Capital Investment Corporation (SCIC) has been accelerating capital divestment at Vinamilk and the work at other nine enterprises is underway as well, Tien added.
Eight of the 10 companies which the SCIC will divest from list shares on the two national stock exchanges, including dairy giant Vinamilk, software producer FPT Corp, Bao Minh Insurance Corp, Tien Phong Plastic Co and Binh Minh Plastic Co.
The SCIC will not sell its entire stake in Vinamilk because of the company’s scale and the possible impact on the market.
Many foreign investors are keen to buy equity in Vietnamese brewery companies like Habeco and Sabeco.
On concerns over the loss of national brands, Tien said it is inevitable when companies are equitised.
H꧃e said the government can still keep brands via technical barriers s♏uch as golden share to hold veto right on any change of brands.-VNA
The Ministry of Transport divested from several companies following Government directives, gaining more than 2 trillion VND (88.9 million USD) during the first half of this year.
The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement.
Shares extended gains to four days in a row on August 31 as investors continued to collect large-cap stocks, particularly shares to be sold by the Government.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
SCIC to sell its capital at Vinamilk, the biggest milk company in Vietnam. (Source: doanhnghieppvn.vn)
