SoEs sells stakes for over 186 million USD in 5 months
State-owned enterprises sold shares worth more than 2.08 trillion VND (93.2 million USD) in book value for 4.17 trillion VND (186.3 million USD) in the first five months of 2016.
The State Capital Investment Corporation (SCIC) offloads its shares to earn over 2.8 trillion VND from a total book value of 985 billion VND in the first five months. (Photo: VNA)
Hanoi (VNA) – State-owned enterprises sold shares worth more than 2.08 trillion VND (93.2 millioꦯn USD) in book valuℱe for 4.17 trillion VND (186.3 million USD) in the first five months of 2016, said the Ministry of Finance on June 6.
Some 37 state-owned firms received approvals for their equitisation plans, including Machines and Industrial Equipment Corporation, Vietnam Engine and Agricultural Machinery Corporation, Vietnam National Construction Consultants Corporation, Corporation 36, Vietnam Forest Corporation, and Vietnam General Corporation of Agricultural Materials.
The State Capital Investment Corporation (SCIC) also offloaded its shares in a number of companies during the period, earning over 2.8 trillion VND (125.9 million USD) from a total book value of 985 billion VND (44 million USD).
By May 20, e-tax payment services were provided in all 63 cities and provinces across the country. More than 535,000 businesses, or 99.59 percent of the total number, have filed tax returns online while more than 492,000, or 91.58 percent, have registered to pay taxes online.
According to the ministry, total budget revenue during the first five months reached 396.2 trillion VND (17.7 billion USD), equaling 39.1 percent of this year’s target and representing an increase of 4.5 percent over last year.
Budget spending was 466.3 trillion VND (20.8 billion USD), equivalent to 36.6 percent of the yearly estimate and a year on year expansion of 4.7 percent.
Overspending stood at around 70 trillion VND (3.1 billion USD), accounting for 27.6 percent of the estimated total.-VNA
The State Capital Investment Corporation has unveiled plans to sell the entire State capital of 10 big State-owned enterprises which could garner the State budget earnings of almost 4 billion USD.
The upcoming divestment of State capital from 10 major companies is not likely to cause big impact on the market, said an official from the Finance Ministry.
The State Capital Investment Corporation (SCIC) divested State capital from 120 businesses in 2015, earning 94.49 trillion VND (200.17 mln USD) from a book value of 1.68 trillion VND (74.9 mln USD).
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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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Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam is now positioning itself as a global manufacturing hub with a diversified export portfolio, improved product quality, and enhanced price competitiveness.
The State Capital Investment Corporation (SCIC) offloads its shares to earn over 2.8 trillion VND from a total book value of 985 billion VND in the first five months. (Photo: VNA)
