Business

Economy

State capital investor must divest from 85 SOEs

SGGP
Leaders of State Capital Investment Corporation (SCIC) has said that the company had withdrawn state capital from 30 of 115 state own enterprises according this year plan, so it had to divest from 85 companies in the rest two months this year.
Suit making for export at Nha Be Garment Company (Photo: SGGP)
Suit making for export at Nha Be Garment Company (Photo: SGGP)
So far, the corporation has conducted state capital withdrawal from 975 enterprises with the total revenue of VND27.5 trillion (US$1.21 billion), nearly 3.4 times cost price.
From now until 2020, the company will continue divestment from 140 enterprises, comprising large ones such as Vinamilk, PetrolVietnam Oil Corporation, Vietnam Military Bank, Bao Viet Group, Bao Minh, Vinaconex, Tien Phong Plastics Company, Hau Giang Pharmaceutical Joint Stock Company, Traphaco and Domesco.
By KIM HUYEN – Translated by Hai Mien

Tags

State capital investor SCIC state own enterprises state capital withdrawal

Other news

SGGP Online SGGP Online 中文版 中文版 SGGP Đầu tư Tài chính SGGP Đầu tư Tài chính SGGP Thể Thao SGGP Thể Thao SGGP Epaper SGGP Epaper

©Copyright 2022 SGGP English edition

License number: 311/GP-BTTTT, Ministry of Information and Communications, July 8, 2015

Deputy Editor-in-Chief in charge of SGGP: Nguyen Khac Van

Deputy Editors-in-Chief : Nguyen Thanh Loi, Nguyen Ngoc Anh, Pham Van Truong, Bui Thi Hong Suong

Managing Editor : Nguyen Chien Dung

Office: 432-434 Nguyen Thi Minh Khai street, District 3, Ho Chi Minh City

Tel : (028) 39294068 - (028) 39294091

Fax : (028) 3.9294.083

Email SGGP English Edition : sggpnews@sggp.org.vn

Advertise with us:

(028) 39294068 sggponline@sggp.org.vn