HNX’s state capital divestment auctions bring in over 1 trillion VND
More than 1 trillion VND (43 million USD) was raised through 11 auctions of shares held by State-owned enterprises on the Hanoi Stock Exchange (HNX) in the first 10 months of 2020.
Hanoi (VNA) - More than 1 trillion VND (43million USD) was raised through 11 auctions of shares held by State-ownedenterprises on the Hanoi Stock Exchange (HNX) in the first 10 months of 2020.
More than 43.4 million shares were put up for sale duringthe months. Some 42.3 million, or 97.5 percent, were sold for 1.036 trillionVND, or 186 billion VND higher than the asking price.
The 11 State capital divestment auctions included only onefrom Vietnam Electricity in October, which sold all of its 2.65 million sharesfor over 46 billion VND.
HNX said five State-owned enterprises are scheduled to carryout similar auctions this month, including the Vietnam Vegetable Oils IndustryCorporation, with over 44.2 million shares, and the Viettel Post Joint StockCorporation, with more than 4.98 million shares./.
Vietnamese shares ended on August 10 on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.
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.
Most State-owned enterprises were operating at a profit but still needed to improve their operational efficiency, according to a report by the State Audit Office of Vietnam (SAV).
Deputy Prime Minister Truong Hoa Binh on August 6 requested the utmost effort from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best result possible in equitising SOEs and divesting State capital from businesses.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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At an auction of the HNX (Source: HNX) 
