State assets sold for 44.75 million USD over 10 months
A total of 42.3 million State shares sold from January-October fetched nearly 1.04 trillion VND (44.75 million USD), according to the Hanoi Stock Exchange (HNX).
The bull statue at the headquarters of the Hanoi Stock Exchange (Photo: vietnamnfinance.vn)
Hanoi (VNS/VNA) —🍷 A total of 42.3 million State shares sold fromJanuary-October fetched nearly 1.04 trillion VND (44.75 million USD), accordingto the Hanoi Stock Exchange (HNX).
The northern market regulatororganised 11 auctions to offload the shares. The successful bidding value was22 percent higher than the value offered for sale. In October alone, the HNXheld one auction to help the State-owned power group Vietnam Electricity(EVN) sell its stake in EV Finance Co (EVF). EVN offered 2.65 million sharesfor sale that sold out for 46 billion VND. The amount and value of sharessold in the 10-month period was a big disappointment as the State was trying toexit non-core companies. Due to the COVID-19 pandemic,purchasing power from investors has declined this year makingit hard for the State to complete its divestment plans for 2020. In November, the State plans tosell its ownership in five State-owned enterprises including Vietnam VegetableOils Industry Corporation (Vocarimex), Viettel Post Joint Stock Corporation,and Vietnam Agriculture Tourism JSC (Agritour)./.
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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.
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The bull statue at the headquarters of the Hanoi Stock Exchange (Photo: vietnamnfinance.vn) 
