Banking sector in quagmire as SOEs can’t sell their shares in banks

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VietnamNet English 3 week(s) ago

Banking sector in quagmire as SOEs can’t sell their shares in banks

VietNamNet Bridge – Investors have been reluctant to buy shares of banks, and as a result, state-owned enterprises (SOEs) cannot withdraw the capital they had previously invested.

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Vingroup buys retail chain from Ocean Group

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Báo Thanh Niên English 1 month(s) ago 1 related news

Vingroup buys retail chain from Ocean Group

Vietnam's property developer Vingroup JSC said Friday it has acquired a 70 percent stake in supermarket chain operator Ocean Retail Co., a subsidiary of Ocean Group, and will change its name to VinMart Supermarket Co.

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State banks told to buy back state-owned institutions’ bank stakes

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VietnamNet English 1 month(s) ago

State banks told to buy back state-owned institutions’ bank stakes

VietNamNet Bridge – The Prime Minister’s Decision No 51 issued on September 15 requires the State Bank of Vietnam (SBV), or state-owned commercial banks appointed by SBV, to buy back capital contributed by state-owned institutions to credit institutions, if the capital is equivalent to 5 percent or higher of the credit institutions’ chartered capital.

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Gov’t speeds up capital withdrawal in SOEs

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Báo điện tử CP English 2 month(s) ago 2 related news

Gov’t speeds up capital withdrawal in SOEs

VGP – The PM has signed a decision on withdrawing capital, selling the State’s stakes, and conducting initial public offerings (IPOs) for State-owned enterprises (SOEs).

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Vietnam boy returns lost wallet containing $4,400 in cash

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Báo Tuổi Trẻ English 3 month(s) ago

Vietnam boy returns lost wallet containing $4,400 in cash

A lucky Hanoi man on Friday got back his lost wallet with a huge amount of cash inside from police in the Central Highlands province of Lam Dong, who received it from a Good Samaritan a day earlier.

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Holdout creditor calls on U.S. court to hold Argentina in contempt

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Báo Thanh Niên English 3 month(s) ago

A U.S. investment fund pressing for full repayment on Argentine debt is urging a U.S. judge to consider declaring Argentina in contempt after Buenos Aires announced plans to skirt court rulings that pushed it into default.

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Banks’ settlement of debts hindered by asset regulations

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VietnamNet English 3 month(s) ago

Banks’ settlement of debts hindered by asset regulations

VietNamNet Bridge – The regulation that banks cannot sell mortgaged assets below face value is the biggest barrier hindering debt settlement.

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Government to issue instructions on selling State stakes in non-core firms

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VietNam News English 4 month(s) ago

A decision explaining Decree15/ND-CP, which orders the selling of the State's stakes in non-core businesses at below face value, is expected to be issued this month.

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HCM City plans new bond issue

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VietNam News English 4 month(s) ago

The HCM City People's Committee is seeking approval from the People's Council to issue VND3 trillion (US$141.5 million) worth of municipal bonds in the domestic market to invest in socio-economic development projects. If approved, the bonds will be issued in two phases, with the first phase in August and the second in September.

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Vinatex prepares for IPO as other SOEs fail to sell shares

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VietnamNet English 5 month(s) ago 1 related news

Vinatex prepares for IPO as other SOEs fail to sell shares

VietNamNet Bridge – The Viet Nam National Textile and Garment Group (Vinatex) remains under pressure to launch a successful initial public offering.

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Textile and Garment Group prepares for IPO

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VietnamPlus English 5 month(s) ago 1 related news

The Vietnam National Textile and Garment Group (Vinatex) will launch an initial public offering this month.

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State-run firm becomes joint-stock company

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VietNam News English 5 month(s) ago

Viglacera Corporation, a State-run building material manufacturer and real estate investor, became a joint-stock company yesterday.

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Vinatex prepares for IPO as other SOEs fail to sell shares

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VietNam News English 5 month(s) ago 1 related news

The Viet Nam National Textile and Garment Group (Vinatex) remains under pressure to launch a successful initial public offering.

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SOEs make good move towards capital withdrawal

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VietnamPlus English 6 month(s) ago

Total capital to be withdrawn from non-core businesses at state-owned enterprises (SOEs) by the end of July might be higher than projected, according to the Department of Entrepreneurial Finance under the Ministry of Finance, the Vietnam Economic Times reported.

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SOEs make good move towards capital withdrawal

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VietNam News English 6 month(s) ago

Total capital to be withdrawn from non-core businesses at state-owned enterprises (SOEs) by the end of July might be higher than projected. This statement was made by the Department of Entrepreneurial Finance under the Ministry of Finance quoted by Viet Nam Economic Times.

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