One corner of the Dung Quat Oil Refinery under Binh Son Refining and Petrochemical Company Limited .(Photo: VNA)
Hanoi (VNA) – The Vietnamese market will see more state-ownedenterprises (SOEs) equitised in 2018, following the State’s divestment from theSai Gon Beer Alcohol Berage Joint StockCompany (Sabeco) and Vietnam Dairy Products Joint Stock Company (Vinamilk).
Big names set for equitisation include the Vietnam Rubber Group (VRG) andVietnam National Oil and Gas Group’s Binh Son Refining and PetrochemicalCompany Limited (BSR), PetroVietnam Power Company (PV Power) and PetroVietnamOil Corporation (PV Oil), Dang Quyet Tien, Head of the Corporate FinanceDepartment under the Ministry of Finance, announced at a press conference onDecember 25.
The rubber group will auction 475 million shares, 11.88 percent of its totalcapital to the public in its initial public offering (IPO) next year, at aninitial price of 13,000 VND. The group missed the first deadline for its IPO,which was scheduled for July 2017.
Binh Son Refining andPetrochemical Company Limited (BSR) plans to float 242 million shares, 7.79percent of its chartered capital, in an IPO scheduled for January 17 on the HoChi Minh Stock Exchange (HOSE). The shares will be sold at the initial price of14,600 VND.
PV Power will put more than 468.3 million shares for sale in its IPO on January31, 2018 on the Hanoi Stock Exchange (HNX) at the price of 14,400 VND pershare.
Meanwhile, PV Oil will offer nearly 207 million shares or a fifth of itscharter capital for sale on January 25 on the HOSE at a starting price of13,400 VND.
As of December 20, approval has been granted for divestment plans at 21enterprises, nearly half of the set plan.-VNA
Some 418 billion VND (18.5 million USD) was raised through six auctions of shares held by state-owned enterprises on the Hanoi Stock Exchange (HNX) in November.
The State Capital Investment Corporation (SCIC) has confirmed it will continue its scheduled competitive share offerings in four companies in the latter half of this month.
Shares declined on the two national stock exchanges on December 19, dragged by the slump of brewer Sabeco, but cash flow remained strong which opened an opportunity for a recovery in the next session.
Binh Son Refining and Petrochemical Company Limited (BSR) plans to float 242 million shares, equivalent to 7.79 percent of its chartered capital, in an IPO scheduled for January 17.
Transparency in the equitisation of State-owned enterprises (SOEs) must be enhanced to attract foreign strategic investment in the process, experts said.
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.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
One corner of the Dung Quat Oil Refinery under Binh Son Refining and Petrochemical Company Limited .(Photo: VNA) 
