A large number of enterprises were active in equitisation in the first three quarters of this year in accordance with guidance from the Ministry of Industry and Trade.
Paper production at the Vietnam Paper Corporation. (Source: baocongthuong)
A large number of enterprises were active in equitisation in the first three quarters of this year in accordance with guidance from the Ministry of Industry and Trade (MoIT), but efforts related to asset valuations have yet to meet the set plans.
According to the ministry, four companies have completed asset valuations so far this year, including the Vietnam Engine and Agricultural Machinery Corporation, the Vietnam Paper Corporation, the Electric and Investment One Member Company Limited, and the Construction and Building Material No. 5 One Member Company.
The ministry is striving to add another business to the list of equitised enterprises in October.
The Vietnam Engine and Agricultural Machinery Corporation has accomplished its ongoing equitisation plan and submitted it to the MoIT for approval. The firm plans to finalise its equitisation and organise its IPO in 2015.
Meanwhile, the Vietnam Paper Corporation completed its audited financial statement through December 31, 2015. The company is expected to equitise this year.
In the first nine months of this year, the Vietnam National Oil and Gas Group (PetroVietnam) divested from three units, collecting nearly 272 billion VND (12.1 million USD).
Meanwhile, the Vietnam National Chemical Group (Vinachem) and the Vietnam Coal and Mineral Industries Group (Vinacomin) withdrew 161 billion VND (7.16 million USD) and 104 billion VND (4.63 million USD) from their investments, respectively, in the period.
The MoIT added that it worked with the management board of the State Capital and Investment Corporation (SCIC) to discuss roadmaps and plans to hand over equitised enterprises to the SCIC in line with the Prime Minister’s directions.-VNA
Deputy Prime Minister Vu Van Ninh has asked ministries to promptly issue policies on the reform and restructuring of State-owned enterprises (SOE) as scheduled while rolling out more drastic measures to complete the SOE equitisation plan for 2014-15.
State-owned economic groups are pushing ahead with the restructuring of their member companies, while surpassing the target of business plans for the first half of the year.
The Debt and Asset Trading Corporation (DATC) will increase its charter capital from a current 2.48 trillion VND (110 million USD) to 6 trillion VND (266 million USD) starting October 15.
MobiFone Corporation, the second largest mobile operator in Vietnam, is poised to sell its stakes in two banks as part of its ongoing equitisation plans.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Paper production at the Vietnam Paper Corporation. (Source: baocongthuong)
