SCIC will sell its stakes only when it has new investments that are more profitable," the sovereign fund chairman says
Despite the government's intention to sell its stakes in 10 major companies like Vinamilk and FPT, progress is tardy.
The plan has been criticized by some economists as 'unnecessary'
Some officials want SCIC Investment to be banned from future projects due to its lack of commitment
While it announced it would sell off its stakes in 10 major companies, there is still no word about the...
Vietnamese regulators see foreign investment as one of the keys to growing the country’s stock market
The State Capital Investment Corproration, which holds the stakes on the government's behalf, estimates the shares to be worth at...
Government agencies have been ordered to cut spending and increase tax collections
The dairy giant reported revenue of $1.8 billion and net profit of $348 million last year
Vinamilk has long been the country's most sought after firm among foreign investors due to its strong prospects and expansion...
After 4-year delay, its cost jumps to nearly $400 million, more than twice the original estimate
The state-owned broadcaster to seek loans and tax breaks
Vietnam's merger and acquisition (M&A) deals hit a record $4 billion last year
State to divest its 45 pct Vinamilk stake, time frame unknown
The national broadcaster will sell its shares in top providers K+, SCTV and VTVcab