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A state-owned conglomerate needs average US$10 million to adopt IFRS

According to World Bank expert, the application of international norms and standards in auditing and accounting will provide a framework to strengthen the domestic financial system, detect hidden weaknesses and increase transparency.

Vietnam Beverage still dubious about registering for Sabeco auction

Vietnam Beverage is a newly-established company in Vietnam, 49% of which is indirectly held by BeerCo Ltd, a ThaiBev-owned brewer based in Hong Kong is considering to join in the Sabeco auction as the registration deadline on December 17th is coming.

Foreign investors remain dubious about SOE reforms in Vietnam

Despite the compelling argument supporting more equitization and divestment from state-owned enterprises (SOEs), foreign investors tend to view the government’s plans with considerable skepticism.

‘Some SOEs devalue their properties to profit from equitization’

Although firms are sometimes accused of keeping assets on the books at inflate prices, some state-owned-enterprises have done the opposite in recent cases of divestment.

Japanese bank's CEO: Transparency is a must to enhance SOEs reform

'SOEs reform will be the key in driving the evolution of the Vietnam economy', according to a high-calibre officer of Japan headquartered Sumimoto Mitsui Banking Corporation.

SSI's CEO: 'The Government's awareness named new growth engine'

That is the opinion of Nguyen Duy Hung, Chairman of the Board of Directors of Saigon Securities Inc. (SSI) when discussing about capital markets in the Nikkei Asia Review Forum just organized in Vietnam.

Wave of SOEs Equitization drives up Vietnam stocks

In addition to private companies' initial public offering (IPO) plan, many state-owned enterprises (SOEs)' equitizations have strongly boosted Vietnam's stock market recently.

Sabeco reaped profits of US$154.7 million before its divestment

The share of Saigon Beer - Alcohol - Beverage Corporation (Sabeco) was traded at VND287,000 (US$13.6), up 2.3%.

The equitization of VFS looms to be inspected

The decision of inspecting the equitization of Vietnam Feature Filmstudio (VFS) was just announced.

Song Da Corporation not to sell stake to strategic investors

Under the newly adjusted plan, Song Da Corporation (Song Da), the largest hydropower construction firm in Vietnam, will not sell its shares to strategic investors in its initial public offering.

Stock indexes
1,080.01 43.73 4.22
Volume: 1,092,310,560 Value: 17,924 (Billions VNĐ)
215.96 4.96 2.35
Volume: 136,846,298 Value: 1,795 (Billions VNĐ)
72.21 0.8 1.12
Volume: 91,048,738 Value: 695 (Billions VNĐ)
1,092.99 50.35 4.83
Volume: 331,170,900 Value: 7,744 (Billions VNĐ)