Two trillion VND of State capital divested from transport sector
The Ministry of Transport (MoT) is pushing forward with the restructuring of State-owned enterprises (SOEs) in the sector, with two trillion VND of State capital divested in nine months.
Hanoi (VNA) – The Ministry of Transport (MoT) is pushing forward with the restructuring of State-owned enterprises (SOEs) in the sector, with two trillion VND of State capital divested from five corporations and companies since the beginning of this year.
According to Deputy Minister Nguyen Hong Truong, all State capital was withdrawn from the Civil Engineering Construction Corporation No. 6 (Cienco 6), the Transport Engineering Design Inc .(Tedi), the Waterway Transport Corporation, the Vietnam Motors Industry Corporation (Vinamotor) while 23.18 percent of the charter capital was withdrawn from the Civil Engineering Construction Corporation No. 5 (Cienco 5).
The divested capital was then put into the Business Arrangement and Development Support Fund of t he State Capital Investment Corporation (SCIC).
The MoT also transferred the management of State capital in the Thang Long Construction Corporation to SCIC and submitted to the Prime Minister for consideration the transfer of State capital management in three corporations (Cienco 5, Cienco 8, the Waterway Construction) and nine companies.
Deputy Minister Nguyen Hong Truong said the ministry has approved the strategic investors of the Airports Corporation of Vietnam and Vietnam Airlines, while continuing to work on the restructuring of Vinalines, VEC and Cuu Long corporations.
🥀 In the fourth quarter, Truong said, the MoT will accelerate the equitisation of public service delivery units that was given greenlight by the PM. The ministry will report to the PM the progress of the restructuring of the Vietnam Ship Building Industry Corporation ( SBIC ) and build the restructuring plan for Vinalines in the 2016-2020 period.-VNA
The State Bank of Vietnam (SBV) will continue to encourage the practice of mergers and acquisitions (M&A) as a solution to dealing with ailing credit institutions.
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.
The Hanoi People’s Committee will divest from 96 State-owned enterprises (SOEs) located in the city from 2016-20, according to a city government decision.
The plan to divest State capital from major State-owned enterprises (SOEs) such as Sabeco and Habeco is good news for the market and will create a more favourable investment environment in Vietnam.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
Illustrative image. (Source: VNA)
