State units divest 2.87 trillion VND in seven months
As many as 43 State-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the first seven months of this year, according to the Finance Ministry on August 10.
Hanoi (VNA) – As many as 43 S𒅌tate-owned enterprises (SoEs), including six corporations, were cleared for equitisation in the ꦬfirst seven months of this year, according to the Finance Ministry on August 10.
State units divested 2.87 trillion VND (130.4 million USD) in book value and earned 5.632 trillion VND (256 million USD) from selling stocks.
State-owned groups and corporations raked in 424 billion USD from selling stakes in five sensitive areas, including securities, insurance, banking-finance, real estate and investment funds, not to mention 1.959 trillion VND (89 million USD) from other fields.
In July, the State budget revenue was estimated at 102 trillion VND, up 26.6 percent from the previous month. The figure for January-July reached 583.6 trillion VND, up 5.7 percent from the same period of 2015.
The total budget spending hit 107.5 trillion VND, raising the seven-month figure to 662.1 trillion VND, marking a 4.9 percent increase year-on-year.
Also in July, four loan agreements worth 669 million USD were signed with the World Bank (WB).
On a seven-month calculation, 26 loan deals valued at 4.431 billion USD were inked, mostly with the WB, the Asian Development Bank and Japan. Approximately 150 million USD were disbursed.
In the remaining months of this year, the ministry will strengthen inspection on tax payment and customs clearance while asking relevant units to monitor the SoEs restructuring, securities market, pricing and public asset management.-VNA
The total State capital invested in five sensitive sectors that need divesting in the last two months of 2015 have touched almost 16.2 trillion VND (723.2 million USD), says a Government report.
The MoT will divest from non-core businesses in 59 State-owned enterprises under its management in the second quarter of this year, planning to collect 6.367 trillion VND (275 million USD).
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.
Swiss giant cement producer LafargeHolcim has agreed to sell its entire 65-percent ownership in the joint-venture LafargeHolcim Vietnam to Thailand’s Siam City Cement Public Co Ltd.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: VNA)
